Prices in the construction steel market fluctuated narrowly on the 6th. The average price of rebar in major cities was RMB3,957/mt, down RMB1/mt compared with the previous trading day. The main contract 2305 closed at 3808 yuan/ton, down 23 yuan/ton from the previous working day's settlement price, and at a discount of 22 yuan/ton to Hangzhou Zhongtian's market price of 3830 yuan/ton. Spot prices were stable in most domestic areas at the morning market. Due to the obvious characteristics of the current low season, demand is slow to follow up, and after yesterday's price increase, the market's purchasing enthusiasm has decreased, and prices in local areas have slightly loosened. The market has become less motivated to purchase after yesterday's price increase, and prices in local areas have been slightly slackened. Due to the recent relaxation of most regional epidemic prevention and control policies, the market has again raised expectations for the market, and in the raw material trend is strong, the cost center of gravity is difficult to move down, the short-term spot prices have strong support. It is expected that the recent construction steel market quotation narrow range oscillation is dominant.
