HRC Futures will Fluctuate Widely amid Verification Period of Demand

Publié: Feb 28, 2023 10:03
Source: SMM
HRC futures fluctuated widely yesterday and closed with losses of 0.16%.

SHANGHAI, Feb 28 (SMM) - HRC futures fluctuated widely yesterday and closed with losses of 0.16%. The transaction in the spot market weakened significantly amid the wait-and-see sentiment and some traders shipped at low prices. Due to the news of power cut in Hebei, the prices of iron ore fell sharply yesterday and the prices of HRC followed suit. However, this round of power cut is mainly targeted at sintering machines, which has little impact on the demand for iron ore. Coupled with the news of the coke price hike, the cost support of HRC is still relatively stable.

Steel demand is in the verification period approaching the Two Session. In the short term, the prices of HRC will continue to fluctuate in a wide range.

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

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