[SMM Sheets & Plates Daily Review] Limited Short-Term Price Fluctuations for Sheets & Plates

Published: Apr 9, 2026 17:16

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HRC futures moved lower in a fluctuating trend today, with the most-traded contract closing at 3,270, down 0.15% MoM. Spot market side, market quotations remained stable for now, and trading performance was relatively average. In terms of supply, weekly hot-rolled production was 3.2155 million mt this week, an increase of 71,800 mt WoW, with further supply increases still expected going forward. Demand side, end-users mainly purchased on demand at low prices. Inventory side, total HRC inventory declined 111,100 mt WoW. The spot-futures price spread in South China and North China provided some room, and some basis traders closed positions to lock in profits, leading to some inventory destocking. Looking ahead, the US-Iran conflict and China's ore long-term ...

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