Upcoming Domestic Meeting and US Election Results Cast Uncertainty Over Next Week's Non-Oriented Silicon Steel Price Fluctuations

Publicado: Oct 31, 2024 14:14
[Major Domestic Meeting Approaching; Next Week's Non-Oriented Silicon Steel Prices May Fluctuate] Commodity prices have seen mixed movements, with silicon steel performing adequately. Among them, although state-owned steel mills have raised their silicon steel futures pricing policy, downstream end-users have expressed reluctance to accept the price increase due to production cost considerations. Market traders have focused on stabilizing prices and shipping, yet even so, traders have reported only average sales performance, resulting in final prices failing to rise as expected. Additionally, with the recent U.S. presidential election results and an important domestic meeting approaching, there are significant uncertainties regarding market direction...

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