Affected by China's economic slowdown, there is low demand for hexagon steel tube
commodities. Clarkson Plc, the world's largest shipping consultancy, had forecast China's steel imports would rise 6% in 2016, down from 8.7% in 2015. The BDI decline partly reflects the risk of deflation in China, while industries such as shipping and steel will be hit hard. Learned from the Hangzhou market today, although the upstream raw materials in recent days rose a lot, factory price has also been raised, but the market volume is insufficient, the downstream has been insensitive to the price, and the majority of wait-and-see, traders are not optimistic about the market trend, there is no plan to adjust prices.
Market interpretation: perhaps the current BDI slump is just a prelude to the commodities, including the entire economic recession will bring iron ore into the abyss once again, Don't think that $40 or more is bad enough right now, with the giants doggedly ramping up production, Fu MaoGe drunkenly said don't worry that the hard days for steel hex tube
market is still ahead .