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Largely raising in Shanghai steel market

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The market performed well on 6th, April and the price also raised. After the opening on 7th, the quotation for Xiben construction raised 30 Yuan/ton, 30-50 Yuan/ton raised for 1st steel trading; 30-40 Yuan/ton raised for Jingyue; 20-30 Yuan/ton raised for Lining; many other traders also have a certain raising degree, the whole market was booming recently.

The market performance this morning was general, traders keep steady mind, for the previous “up and down” accidents, being aware is recommended, this might be another “up and down” incident.

In general, there will be a certain deviation on market trend assessment, but at least the recovering market demand encouraged the distributors, some escalation spaces still remain.

 

 

Related product: ASTM A269


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