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Mar.29.2024 1USD=7.0948RMB
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DAILY: Tangshan's Semis Price Edged Down on Dropped Rebar Futures Price

https://en.steelhome.com [SteelHome] 2020-10-26 17:32:23

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The ex-factory price of semis rose by 10 yuan/t to 3430 yuan/t in Tangshan on Monday. Traders set the spot price at around 3480-3490 yuan/t for shipments. And the overall transactions were at a normal level.

With the dropped rebar futures price lately, some market participants held bearish outlook on semis market. For traders, most of them awaited further market developments.

SteelHome considers that prices of semis may observe rangebound movements in the short run.

Link: Market price of Tangshan Billet on Oct 26,20(new)


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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