SMM Steel Morning Meeting: Slow Inventory Growth, Pre-Holiday Coil Prices Stabilize

Publicado: Jan 23, 2025 07:40
[SMM Steel Morning Meeting Summary: Slow Inventory Buildup Across Regions, Pre-Holiday Coil Prices Stabilize] Yesterday, the most-traded HRC 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 sentiment. On the news front, pig iron production data released by SMM this week showed a slight increase MoM. For HRC, production remained volatile at high levels, with slow inventory buildup across regions. Pre-holiday, risk-averse sentiment in the capital market intensified, coupled with the industry chain gradually entering the Chinese New Year holiday. Coil prices are expected to fluctuate rangebound before the holiday. Attention should be paid to the post-holiday inventory buildup level and the pace of demand recovery.

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.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn