HRC Futures Fluctuate Rangebound Amid Pre-Holiday Sentiment

Publicado: Jan 22, 2025 17:34
Today, the most-traded HRC futures contract fluctuated rangebound, closing at 3,450 in the afternoon, down 0.72%. In the spot market, most traders and downstream players have gradually started their holidays, leading to a continued cooling in market trading sentiment. On the news front, pig iron production data released by SMM this week showed a slight increase WoW. For HRC, supply is expected to remain volatile at high levels, with inventories slowly building up across regions. Pre-holiday, risk-averse sentiment in the capital market has intensified, coupled with the industry chain gradually entering the Chinese New Year holiday. HRC prices are expected to fluctuate rangebound before the holiday. Attention should be paid to the extent of inventory buildup and the pace of demand recovery after the holiday.

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Today, the most-traded HRC futures contract fluctuated rangebound, clo - Shanghai Metals Market (SMM)