On the 1st, the price of construction steel fell slightly and steadily. The average price of rebar in major cities was 3938 yuan/ton, down 3 yuan/ton from the previous trading day. The final price of the main contract was 3752 yuan/ton, 7 yuan/ton higher than the settlement price of the previous working day, and 58 yuan/ton lower than the market price of Hangzhou Zhongtian Thread, 3810 yuan/ton. In the morning, the market price of construction steel in East China was temporarily stable. In the late opening period, the snail shock became weaker, the market sentiment became weaker again, and spot prices in some regions fell slightly by 10-20 yuan/ton. In the afternoon, the snail stopped falling and rebounded, and the trading atmosphere of the market improved. With the transaction of low level resources getting warmer, the decline of spot goods temporarily ended. In the near future, the demand side is gradually weakening under the influence of cooling and epidemic factors, and the market confidence is insufficient. This week, the inflection point of domestic construction steel inventory officially appeared, which had a certain negative impact on the market trend in the later period, and gradually became pessimistic about the future market expectations. 01 The contract is faced with the main position shifting and month changing. It is expected that the price of construction steel market will be mainly adjusted in the near future.
