Telah Terbit: May 23, 2024 08:20
[SMM Steel Morning Meeting Summary: Futures Spike Higher, Spot Prices Follow Suit] This week, the national blast furnace operating rate of 50 steel mills was 40.48%, and the average daily output of building materials was 92,200 tons, a slight increase of 1,300 tons from the previous week, indicating that there is not much pressure on short-term market supply. On the demand side, terminals still maintain demand-based procurement, while speculative demand is relatively tangled. The futures of steel spiral have broken through the 3,800 policy, driving up spot prices, but there are also concerns about the upcoming off-season market.

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[SMM Steel Morning Meeting Summary: Futures Spike Higher, Spot Prices - Shanghai Metals Market (SMM)