Telah Terbit: Jul 18, 2024 08:12
[SMM Steel Morning Meeting Summary: Expect the price of hot-rolled coils to remain weak and volatile in the short term] Yesterday, the futures market of hot-rolled coils experienced a relatively strong fluctuation, and the price plummeted after lunch, closing at 3,668 yuan with a decrease of 1.64%. The quotations in major cities are all falling, with a decrease of 30-40 yuan per ton. In the afternoon, the futures market weakened significantly, the market trading atmosphere turned downward directly, prices continued to weaken, and trading sentiment cooled significantly, leading to a weak transaction of hot-rolled coils. In terms of supply, according to SMM statistics, the blast furnace operating rate has decreased slightly...

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