According to SMM, the plate continued to rise, with a daily increase of 1.25%, closing at 3740, continuing to break through the high point of the month, and spot prices rose by 10-20 yuan/ton. On the supply side, steel prices continued to rise, some electric furnace steel mills profits were restored, production conditions improved slightly, and building materials supply increased slightly; on the demand side, affected by the continuous rise of the plate, the market atmosphere warmed up, speculative demand increased significantly, and at the same time, there was rush demand in the north, and the daily transaction was still possible.

Looking ahead, the current iron ore demand is still at a high level, but considering the regulatory factors, the iron ore price has limited upside; coal and coke supply is slowly recovering, coal and coke cost support has a weak trend, but is still stable in the short term; on the finished product side, steel mills may temporarily increase building materials supply in the stage of steel price rise, but the incremental is limited, on the demand side, policy benefits will gradually land, or bring effective support to demand, it is suggested to pay attention to whether tomorrow's PMI can continue the trend of stability and improvement.