Publicado: Sep 11, 2023 19:14
Today's hot coil futures rose slightly, closing at 3851, up 0.21%. In the spot market, the mainstream cities in the country reported a hot coil price increase of 10-40 yuan/ton. On the demand side, the short-term downstream order volume has not changed significantly, and the terminal procurement is difficult to improve in essence. The policy effect of the previous real estate and manufacturing industry is still needed. According to the latest survey of SMM, steel mills are still highly motivated to produce hot coils, and the daily production in September increased by 1.12% compared with the previous month, and the supply pressure is difficult to reduce in the short term. On the cost side, iron ore supply and demand are both strong, and there is limited space below, and the cost support of coke is also strong, so the cost center of hot coil is still high. Therefore, under the condition of strong supply and weak demand, the upward space of hot coil is limited, but there is cost support below, and it may oscillate narrowly in the short term.

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Today's hot coil futures rose slightly, closing at 3851, up 0.21%. In - Shanghai Metals Market (SMM)