Telah Terbit: May 29, 2024 17:31
【SMM Hot Roll Daily Review: Futures Market Shows Strength, But Spot Market Remains Unresponsive?】Today, the hot roll futures market experienced volatile trading with a small decline towards the end of the day. At the close of afternoon trading, the price was 3879, representing a decrease of 0.21%. In the spot market, mainstream city quotes fell by 0-20, with market transactions and sentiment further weakening. Transactions were slightly better at lower prices. In terms of news, the issuance of new special bonds has exceeded 1 trillion yuan this year. Since May, the issuance of new special bonds in various regions has significantly accelerated, reaching a May achievement rate of 92.08%. Some mainstream social inventory data for hot rolls were released today, showing weak demand and a slight accumulation of inventory in Lechong, a decline in Shanghai inventory on a month-on-month basis, and an increase in inventory in Tangshan, Shenyang, and other northern regions on a month-on-month basis. Please continue to pay attention to tomorrow's SMM hot roll weekly balance data. In the short term, the fundamental contradiction of hot rolls is not apparent, and it is expected that hot roll prices will continue to fluctuate in the short term.

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