Telah Terbit: Jan 4, 2024 17:33

SMM Hot Rolled Coil Daily: Slight accumulation in social warehouses, expected to continue with volatile prices tomorrow.

The spot price in the Shanghai market at the end of today is around 4090-4110, with overall trading performance mediocre and a small amount of spot purchases by end users. The price at the end of the market in Lecong is 4210-4230, with overall moderate trading, mainly driven by on-demand purchases at the terminal storefronts. The northern market's overall trading is moderate, with the Shenyang market showing weak trading and a continuous decline in end-user demand, leading traders to take a cautious approach. The Tangshan market's trading is moderate, with some traders making low-priced shipments, but with strong pressure from end-user price intentions and lack of purchasing enthusiasm.

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SMM Hot Rolled Coil Daily: Slight accumulation in social warehouses, e - Shanghai Metals Market (SMM)