Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was 3370, which was stable compared to yesterday, and the transaction price of traders including tax was about 3460. Today, the steel market is stable and down. The overall transaction of billets is average. The prices of downstream finished products are weakened and adjusted. Tangshan steel billet direct delivery is acceptable. Warehousing spot 3440-3450 has all transactions. Downstream finished products prices are stable and weak. The overall transaction is divided and narrow. Fair, the section steel was weak, and the billet was cautiously stable in the early afternoon.
October 9-latest exchange rate
Yesterday, the ex-factory settlement price of some steel plants in Changli was raised by 10 to 3370, and that of 3370 in Qian’an area was raised by 10. Traders’ transaction price including tax was 3460-3470. Today, the Tangshan steel market is weakening, and the downstream finished steel prices are mainly lowered steadily. Tangshan steel billets can be sent directly, and the mainstream warehousing spot is reported to be about 3470 including tax. The low price is mainly cautious. The overall transaction of downstream finished products was weak, and the price of steel billets was locked at 3370 in the afternoon.
October 8-latest exchange rate
Yesterday, the ex-factory settlement price of some steel plants in Changli was raised by 60 from 3360, and by 40 from 3360 in Qian’an area. Traders’ transaction price including tax was 3460-3470. In the morning of this day, the settlement price of billet in Changli area was raised from the 7th to the 8th of 3370, and the bid was raised on the 9th. The price of downstream finished materials remained stable. Direct delivery of billet in Tangshan was available. Some varieties of materials were kept at a discount in the disk, the overall transaction was weak, and the price of steel billets was locked at 3370 in the afternoon.
October 7-latest exchange rate