Building materials market prices weakened and stable trading transactions weakened

On the 16th, the spot market price of building materials fell slightly. Market prices in Nanjing, Jinan, Beijing, Tianjin, Harbin, and Chongqing fell by 10 yuan to 20 yuan per ton. Hefei, Nanchang, Zhengzhou market prices rose 10 yuan -20 yuan / ton. The average price of the HRB400 (20MM) in the national market is now 2,093 yuan/ton, down 2 yuan/ton from the previous trading day.

From the market feedback situation, the period of spiral 1601 night a narrow range shock, closing 1825, down 0.54% over yesterday. Period screw 1601 opened higher at 1827 in early trading, down 0.44% from yesterday's level. Today (16th), the spot market opened, merchants offer mostly stable. The market understands that the market stocks of the current market merchants are basically maintained at around 500 tons, and the price changes have little impact on the transaction. The market is in the process of local bottoming. Taken together, the current market is in a relatively stable state of operation. In the short term, although market prices may continue to decline, there is limited space.

On today's industry information surface, Hangzhou Iron & Steel announced on Sunday afternoon that due to the recent merger and reorganization committee of the China Securities Regulatory Commission, a working meeting will be held to review the company’s major asset replacements, issue shares to purchase assets, and raise matching funds and related party transactions. Matters concerning the company's stocks will be suspended from October 19, and will be announced and resumed after the company receives the results of the merger and reorganization committee.