March 29 Shanghai Profile Price Trend Analysis

On the 29th, the Shanghai market saw a slight increase in the size of the industrial slot, and the out-of-stock specs increased. At the time of writing, Masteel's 5# angle steel price was 4330 yuan/ton, 7#, 8# angle steel price was 4170 yuan/ton, 10# channel steel price was 4360 yuan/ton, Laiwu Steel 25# beam steel price was 4320 RMB/ton, 40# I-beam is quoted at 4,500 yuan/ton.

Near the end of the month, temperatures soared, but the demand for Shenzhou profiles did not have a concentrated explosion. Today, the opening of the market, some of the local profile slightly pulled up, but the transaction was affected by the shortage of resources but decreased. Traders said that the current situation is more embarrassing, there is no goods at the beginning of the month, the current market is no goods, the market is very frustrating for businesses. Recently, there have been very few supplements for the arrival of resources in Shencheng. Some of the resource prices have risen sharply. In view of the frequent overhaul of mainstream steel mills and the tight funding, most businesses have a wait-and-see attitude, and their enthusiasm for stocking is not high, as inventory levels gradually decline. The support under the local profile is obvious, and there is a higher probability of continuing upward in the later period. To sum up, the recent price of local profiles will be mainly oscillating upwards.

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