Publicado: Oct 24, 2023 21:13
According to SMM, today's futures fluctuated widely, closing at 3630, up 1.34% from the previous trading day, and spot market prices fluctuated. On the supply side, according to SMM research, the amount of building materials maintenance affected this week was 1.0368 million tons, 1.75 thousand tons less than last week, and the supply may increase slightly; on the demand side, transactions were generally weak before the close, and the construction site took goods mainly on demand, and the atmosphere was generally average, but affected by the news, the late market rose strongly, and after the market, there were cases of stop orders, closing, etc. In the follow-up, the contradiction between supply and demand of building materials is not obvious, the fundamentals are relatively healthy, but the market confidence is still insufficient, which slightly suppresses the trend of the disk, making it difficult for the futures to break out of the independent market, and it is mostly affected by raw materials and news. Short-term policy-related expectations remain, and if favorable signals are released, market sentiment is expected to resonate with fundamentals, and steel prices may bottom out and rebound.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
According to SMM, today's futures fluctuated widely, closing at 3630, - Shanghai Metals Market (SMM)