Price of rebar

June 13，average price of  the  20mmHRB400E rebar is now 2275 CNY / ton, increase 16 CNY / ton compared with the previous trading day.   average price of  the 20mm P Plate is now 2456 CNY / ton, increase  300 CNY / ton  compared with the previous trading day.  average price of the  3.0mm hot rolled coil is now 2654 CNY / ton, increase 8 CNY / ton compared with the previous trading day.

Yesterday , Market, the price for most building materials maintains the upward momentum  and  the plate maintains stable. Price of SCREW continue to rebound, strong closed higher to 2170, driving strong the prices of spot market. Data show that three times decrease of the big social stock, it boost the market confidence and strengthen wish to reluctant to sell and rise the price.

On the other hand, Tangshan effort to limit production exceeded market expectations this time. Except  traditional to limit sintering, rolled ; they also called all steel mills to stew blast furnace at day 14-19, increase the factors that Wuhan Iron and Steel decided to reduce the amount of resources of cold-rolled . this make appearance that  short-term supply-side shrink significantly, it is expected to stimulate the prices of short-term spot rise higher. But , later Decline in demand and Weather have influenced Shipment , production of rod steel rise again, the industry will meet an exam in funds, and show from the prices basically unchanged of the East China leading steel, impact to limit production is limited , needs to be cautious to the market.

Today, forecast, quotation for building materials will rise in a narrow range .