On June 26, 2025, Foshan market reported that the stock market rose and fell today, with red in the morning and green in the afternoon. Although A-shares are still active in trading, the three major indexes have ended their three consecutive upward trend and collectively closed green in the afternoon. Individual stocks also tend to rise more than fall, with a total of 1621 stocks rising and 3609 stocks falling in the market; The total transaction volume of the Shanghai and Shenzhen stock markets for the day was 1583.178 billion yuan, a decrease of 19.61 billion yuan from the previous day.
Although stainless steel also rose and fell, it still turned red in the afternoon. Nickel, needless to say, stainless steel futures opened briefly in the morning, rebounded to a high of 12680 yuan/ton and then fluctuated and fell back. In the afternoon, they continued to fall to a low of 12615 yuan/ton and then rebounded slightly, finally closing at 12635 yuan/ton, up 95 yuan/ton from yesterday's afternoon closing price, an increase of 0.76%.
The trend of futures rising and falling back is weak, and spot 304 cold-rolled stocks are difficult to rise even without wind. In the morning, there were still many attempts to chase up by around 50, but later they rose at a low level and fell back at a high level. Eventually, Delong fell from 12300-12350 basis points in the morning to 12300-12330 basis points, while Qingshan series also fell from 12380-12400 basis points to 12350-12380 basis points. In the morning, the Qingshan series fell back to 12350, with a small price difference between the gene and the agent or trading at the same price point. Later, with the decline of Delong's high level, it gradually returned to quietness. In the afternoon, there was no one interested in both high and low places. 304 hot rolling is also stable at a high level, with a 30-50% increase at a low level to catch up with the high, but the transactions are average after catching up with the high.
201 is the favorite of today's market. Hot rolling agency 6350 received orders at the same time in the morning. Later, with the giants meeting to raise prices, the market narrowband received orders and increased by 50 to 6400 yuan/ton after the improvement of the market narrowband received orders. The market also called for an increase of 20-50 yuan/ton. However, after the increase, it gradually became quiet, and most of the busy hours were about an hour before and after the increase.
In the morning of the cold rolling season, the Qingshan agent remained stable at 6700 basis points, while in the morning of the Beigang series, they mostly went to 6600 basis points to receive orders in the later stage of 6550 basis points. The first wave of traders remained stable at high levels, while at low levels, there were often 30-50 basis points chasing after them. J2 mostly stayed at 6650-6680 basis points, while J5 gradually disappeared from 6500 basis points and went to 6550-6580 basis points. As the agent went to 6600 basis points, hot rolling increased by 50 basis points, and cold rolling also made various noises. J2's 6700 basis points gradually saw transactions, and there were various buying voices in the market, some of which were for thin materials, some were for full specifications, and the market price rose again by 20-30. Some trade and agents shouted at the same price, and the price went to 6580-6700 After the foundation, there was almost no low price, and the market trading gradually faded, which was also lively for about an hour.
In the afternoon, with quiet market trading and fewer buyers than in the morning, some traders and agents in the market began offering discounts of 20-30 to promote transactions, and some J5s returned to the 6550-6570 base for accepting orders.
The 304 cold-rolled Qingshan agent has remained stable at 12400-12500 base orders. In the first wave of the market, Delong Resources also increased by 50 to 12330-12350 basis points, and continued to sell near 12300 basis points at low levels. Qingshan series increased by 20-50 to 12380-12400 basis points for sales, but after chasing the high, transactions were quiet. After the market fell, Delong Resources began to fall by 20 to 12330 basis points at high levels and rose by 30 to 12330 basis points at low levels. The Qingshan series partially fell 20-30 to 12350-12380 base sales, while some early fell to 12350 gene with a small price difference and some transactions with Delong. Later, Delong's high level fell and gradually turned quiet.
In the afternoon, Delong raised 100 to open a new July price of 12400 basis points, but the market continued to fluctuate and fall, with quiet trading. Some continued to fall 10-20 to approach the low level, but with no results, many closed quietly. Delong partially returned to 12320-12330 basis points, and futures returned to 12300 basis points with limited orders; The Qingshan faction continues to move towards the low 12350 base, but some insist on watching from 12380-12400 base, neither high nor low, and then flying in the calm river.
304 hot-rolled Qingshan remained unchanged at 12100 orders, and the market for Dingxin resources remained stable and watched. However, some narrowband resources from other production areas had a low level of 30-50 chasing after the high, but the transactions were average after chasing the high, and the market trading was weak.
201 On the other hand, Hot Rolled Qingshan's agents were flat at 6350 orders in the morning, and traders were mostly flat on the sidelines. Later, with the agents' orders getting better, they increased by 50 to 6400 orders, and the market also kept up with 20-50 orders, but the deal lagged behind after catching up. In the morning of the cold rolling season, Qingshan Agency remained flat at 6700 basis points, while traders were partially flat. Some J5 rose 30-50 basis points to catch up with the high, and there was still a low of 6500 basis points in the morning. Later on, it gradually dropped to 6550-6580 basis points, while J2 continued to sell at 6650-6680 basis points in the morning. Later, with the improvement of market trading, it began to chase up 20-30 basis points to 6680-6700 basis points; J5, on the other hand, moves up 20-30 times to 6580-6600 units. In the afternoon, trading turned quiet, with some returning to 6550-6570 basis points after a 20-30 drop in proxy prices, while J2 remained at 6680-6700 basis points to observe.
The quotes for 430 cold and hot rolling remain mostly unchanged, with a 50% drop in the hot rolling section. Market trading remains weak, and demand for essential goods remains on demand, resulting in limited transactions.
Copyright © Nanhai Ducheng Metal Products Factory, Foshan City
