Publicado: Mar 13, 2024 17:40
The inventory of hot-rolled coils in the northern region will continue to decrease slowly. In the spot market, the futures market weakened, and with the partial release of end-user and speculative demand, market purchasing enthusiasm decreased, resulting in less trading and mostly discounted transactions. Downstream sentiment is strong for a wait-and-see approach. This week, Tangshan hot-rolled coil inventory was 983,800 tons, a decrease of 83,400 tons compared with last week, a decrease of 7.81%. Year-on-year increase of 22.44%, Tangshan has accelerated inventory reduction, easing the sales pressure of hot-rolled coils. In terms of macro news, a real estate company faces a lack of funds and the risk of sudden default, weakening market confidence once again. Overall, it is expected that the inventory of hot-rolled coils in the northern region will continue to decrease slowly...

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