Publicado: Oct 9, 2023 07:35
Summary of SMM Steel Morning Meeting: Overseas Abnormal Movements are Obvious, Spot Market Sentiment is Weak. The biggest bearish factor, the rise of the US dollar index, will put pressure on non-US currencies and non-US assets, and the prices of bulk commodities will be suppressed to varying degrees. On the steel mill side, many steel mills in Yunnan have suffered from high-priced coal, and the planned production in October will be nearly 300,000 tons. In addition, there are individual steel mills in Hubei, Hebei, Shanxi and other places that have added maintenance, and the overall supply of building materials in October will obviously decrease, but the demand side has not yet improved significantly, and steel prices in the short term will remain weak.

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Summary of SMM Steel Morning Meeting: Overseas Abnormal Movements are - Shanghai Metals Market (SMM)