Publicado: Dec 27, 2023 08:25
SMM Steel Morning Meeting Minutes: Market sees red with fluctuations, trading atmosphere slightly recovering. Macro expectations are rising again, with strong cost support and recent intensive maintenance at steel mills, coupled with reduced impact from adverse weather. The contradiction in the basic fundamentals of building materials is expected to ease. Short-term movement is limited, and the trend in rebar prices may be mainly fluctuating. At the same time, it is recommended to pay attention to the release of multiple economic data at the end of the month, as the market focus is currently tilted towards the macro aspect. If the data performs favorably, there may still be upward opportunities in the market.

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.

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SMM Steel Morning Meeting Minutes: Market sees red with fluctuations, - Shanghai Metals Market (SMM)