Looking back at yesterday, mainstream construction material prices in Guangzhou remained stable. The mainstream price of HPB300 Ф 6.5-10mm high-speed wire in Shaogang is 3990-4050 yuan/ton. Guanggang, Zhuhai Yuegang and Xianggang sell for 3890-3980 yuan/ton of high-speed wires of the same specification. In terms of thread, the mainstream price of 18-25mm specification resources in Shaogang HRB400E Ф is 3870 yuan/ton. The price of 18-25mm specification resources in Guanggang, cold steel and Yufeng HRB400E Ф is 3840-3840-3850 yuan/ton.

      On June 16, the domestic steel index (Myspic) composite index reported 137.8, down 0.10 per cent from the previous session, while the thread index 150.91, down 0.22 per cent from the previous session. Looking back on yesterday, the futures market fluctuated within a narrow range, the main spot market prices weakened and consolidated, the mainstream ex-factory prices of Guangdong's leading steel mills were flat, and the market shipments in the afternoon were general. Traders' quotations were mainly stable and local resources were slightly loose. On the whole, today's early trading period is narrow, and the peripheral spot market is stable and weak. It is expected that the Guangzhou market price may consolidate today.