This week, the hot coil spot was affected by the wide fluctuation of the futures disk, and the overall market showed a surge and a fall, and the market players had a strong wait-and-see atmosphere. The average price of the ten major cities in the country increased by 15 yuan/ton compared with yesterday.
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At the beginning of this week, the export expectation of HRC is still supported, and the market price of HRC hits the highest level this week, but the market is fearful of heightened sentiment, and the transaction volume has decreased. The price of coils has dropped from a high level. After several days of decline, the market transaction is close to the psychological price of the industry, the terminal demand purchase has increased, and the hot coil market has ushered in the destocking market.
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This week, there is a shortage of specifications in the spot resources of traders, but the company is now taking profits from the current set of resources, and the overall supply of the hot coil market is still relatively abundant. According to the monitoring of Lange Cloud Business: this week, the output of 35 sample steel mills was 2.78 million tons, a decrease of 210,000 tons compared with the same period last week, and the factory warehouse was 830,000 tons, a decrease of 3.49% compared with last week. It is expected that the national hot roll price may first rise and then fall next week.
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