Publicado: Aug 5, 2024 07:35
[SMM Steel Morning Meeting Summary: Futures Rebounded with Volatility, Spot Trading Slightly Improved] On the supply side, both long and short process steel plants are currently suffering significant losses, leading to increased production cuts. Coupled with the transition from old to new national standards, some steel plants have halted the production of thread rolling lines, resulting in a decline in construction material supply. On the demand side, affected by the off-season, the market sentiment is cautious and wait-and-see, and the performance of end-user demand continues to be under pressure. On the whole, the futures market has fallen to a low level within the year. Currently, the accelerated liquidation of old-standard steel bars and the difficulty in restoring market confidence are the main conflicts. It is expected that construction material prices will remain volatile in the short term.

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[SMM Steel Morning Meeting Summary: Futures Rebounded with Volatility, - Shanghai Metals Market (SMM)