On the 30th, the price of construction steel fell steadily. The average price of rebar in major cities was 3941 yuan/ton, down 7 yuan/ton from the previous trading day. The futures contract fell in shock. The closing price of the main contract was 3748 yuan/ton, 28 yuan/ton lower than the settlement price of the previous working day, and 72 yuan/ton discount compared with the market price of Hangzhou Zhongtian Screw 3820 yuan/ton. In the morning, the price of construction steel in East China fell steadily by 10-20 yuan/ton. Recently, the country has witnessed a wide range of cooling, and terminal demand continues to be sluggish, especially in the north, where construction has been blocked and deals have fallen into a low ebb. In the morning, the transaction level hovered at a low level. In order to stimulate the shipment, local merchants dropped prices and increased margins. The price difference of all kinds of resources has narrowed with the mid session weak shock. The oncomelania products of Beicai have arrived in succession, the demand has weakened, and the gap between oncomelania products and oncomelania products has continued to shrink. At present, the market as a whole shows a pattern of weak supply and demand, and the support for sentiment driven price increases is obviously insufficient. It is expected that the recent price shocks in the construction steel market are mainly weak.
