In the building material aspect, the forward market continued to fall. In order to promote the transaction, the price of some spot traders is slightly loose. Most traders thinks that the steel price rose quickly in the beginning of this week, but the acceptance intention of downstream demand was low. The market high turnover is limited, and the price rise in short-term is also expected. Overall, the current market condition is still in a wide range of shocks, different news are everywhere. Good support gradually weakened, but the short-term market is still easy to rise and difficult to fall.
Although has into the traditional high season in September, after several adjustments to the price, the merchant that blindly “bullish” significantly reduced. From the market feedback situation, the environmental supervision not only impact the steel industry, but also suppress the downstream production enterprise. Procurement is not active, and the wait and see mood is strong.
Combined with the above macro news and the recent market research of CAMELSTEEL, it is found that most of the traders and manufacturers all think that the late price will easy to rise and difficult to fall. Under the support of favorable macro condition, stop production, environmental protection and other news, the price may continue in high and volatile operation.