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Chinese steel market to adjust within a narrow range on August 25

Construction steel: Today weak domestic construction steel market to continue consolidating the state. According to Lange Steel network monitoring shows that the domestic major cities ?6.5mm high average price of 5059 yuan line (t value, the same below), up flat; domestic steel major cities ?25mm average price 4960 yuan, up down 9 million. Dominant urban areas: Beijing 6.5 high-line 4990 yuan, 4980 yuan two rebar mainstream specifications, up flat; Shanghai market, the high line 5020 yuan, down 20 yuan, 4870 yuan rebar, down $ 10. Today, prices in major cities throughout North and South is still dominated by weak consolidation in some areas prices continue to rise slightly loose. As the billets, coal, iron powder price firm, cash limited downside. Therefore, the overall weak market this week, but the decline is not obvious. Beijing-Shanghai market yesterday, shipping in general, second-tier market as a whole to maintain normal levels. The current domestic price of major steel mills settlement has not been published, so the market is still waiting to see darker atmosphere. Slow arrival of the end of the market, and shipments shrinking of the recent stock and out of balance, the overall maintenance of low run. Business mentality is more stable, some businesses have begun to focus on the market in September, but in the long-term aspects of the market to determine differences, Bullish Bearish uncompromising. If sentenced today rebar futures price volatility around the 4810 position, unable to pull the spot market. Market is expected before the weekend there will be no significant changes.

HRC: Today, the domestic hot-rolled coil market prices slightly lower. According to Lange Steel Information Research Center of the steel market, network monitoring shows: the domestic major cities 5.5mm hot rolled coil average price 4837 yuan, the average price yesterday fell 1 million. In the absence of good news, in the case, the pattern of steel into a shock, both long and short fierce, however, U.S. stocks pulled up in last night, the gratifying trend of the stock market today, up nearly 3 percent, and the large heavy volume, or will be dated the formation of stimulating the movement of steel. Hot spot market in some cities, Shanghai, Handan and other places in the price steady weakening trend, the more the market continued to show steady consolidation pattern, businesses wait and see mood strong. With the price of weak shocks and continued weakness in transactions, business mentality is more difficult to smooth cash portion of low-cost operation, but resources are limited and subject to market the high cost support, the business is difficult to cut a larger movement. However, with the gradual release of bearish market, coupled with heavy volume surge in the stock market or spot market prices will be the boost power, combined with the "gold 9 silver ten" during peak demand and are expected, hot-rolled prices are still expected to build in the next week "at the end of "rebound. Therefore, the late hot-rolled market worth the wait.

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