There Is No Obvious Change in The Market Demand For Copper Stranded Wire

The building materials market in Harbin fell slightly. The market transaction is generally, and the large-scale shipments are about 900 tons, which is basically the same as yesterday. At the opening of the market, the main force of snails fell sharply, and the market mentality was hit. In the afternoon, some merchants in the market began to negotiate and ship goods. According to market feedback, the current downstream procurement demand is weak. Combined with the recent inventory in Harbin, and in the absence of a significant change in the current market demand for copper stranded wires, it is expected that the Harbin building materials market may operate stably over the weekend. According to the monitoring data of the steel cloud business platform; on the 9th, Harbin: High Line Xilin 8-10mm 3970 yuan; Level 3 Daluo Xilin 3760 Tonggang 3750; Panluo Tonggang 3980

On the whole, the market demand started slowly this week, and the price drop suppressed the demand. Therefore, the market is still pessimistic in the short term. In terms of inventory, according to the statistics of Iron and Steel Network: this week, the total inventory of medium plates in 29 key cities in China reached 1,079,800 tons, an increase of 7,900 tons from last week, a week-on-week increase of 0.73%, a month-on-year increase of 2.63%, and a year-on-year increase of 15.75% .

Under the influence of merchants' efforts to destock, the increase in inventory was not large. In terms of steel plant construction: As of press time, the average daily medium plate output of the Tianjin-Hebei-Shandong-Henan Medium Plate Plant is 66,800 tons, with a capacity utilization rate of 83%, a week-on-week decrease of one percentage point. Therefore, it is expected that the domestic plate market price may still weaken in the future.