Easy to rise but hard to fall, steel prices are entangled and relatively strong

Today’s steel price, the spot is stable and there is a decline, and the steel futures are mainly volatile. Hot coils, medium plates, strips and other varieties generally experienced a slight decline, while cold-rolled and galvanized products also entered into stable operation, but the transaction performance was still average. According to the macro trend and the expectation of continued policy implementation, the market’s confidence and confidence in the recovery of economic growth next year are also increasing.
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This is also the main logic of the black has been strong and volatile. However, what we see in reality is that the demand is declining, and the enthusiasm for stocking up in all links is still not high.
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At present, the market price is easy to rise but hard to fall. However, there is a general ambivalence in the market that high prices are difficult to accept and low prices cannot wait. The current favorable conditions for the market are: favorable macro conditions, high costs, and low inventory. In terms of inventory, for example, the current building materials inventory in Guangzhou is about 550,000 tons, compared with 990,000 tons in the same period last year. It is about to enter January, and there is still no accumulation of inventory. In the short term, the price is still easy to rise but hard to fall, but the rising trend is slowing down, which is a matter of rhythm and needs time to digest space.
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From the perspective of the market, black rose and fell mixed, the trend diverged, and the double focus fell back one after another.