Shortage of resources to support market prices, short-term building materials prices may continue to run strongly
11.25 The monitoring data of the national construction steel transaction volume shows that the transaction volume has increased. In terms of the market today, black futures continued to rise in the early morning, and the prices of building materials continued to rise in some areas in the morning.
From the perspective of transactions, the continued strength of futures spot prices has boosted market confidence, and most merchants have reported that the transaction volume again today.
From the perspective of resources, the shortage of goods in East China and South China still exists, which forms a strong support for spot prices in the short term. In terms of steel mills, in the face of heavy demand and low market resources, most steel mills have actively raised their ex-factory prices. In summary, it is expected that the price of domestic building materials may be firm in the near future.
Previous Page：Shortage of resources to support market prices, short-term building materials prices may continue to run strongly
Next Page：China’s crude steel production expected to decrease in last 15 days of 2019