According to SMM, the futures of screw thread have risen and fallen, with a high point of 3672 intraday and a closing of 3647, up 0.61% from yesterday. Spot prices have risen by 20-40 yuan/ton in many places. On the supply side, although some short-process steel mills have resumed production slightly in recent days, overall, steel mills are still in a loss-making state, and some newly added long-process steel mills have stopped production and maintenance recently, and the supply of building materials may be reduced. On the demand side, the market fluctuates widely, the trading atmosphere is hot, and downstream procurement is active, and the overall intraday transaction is still acceptable, but slightly less than yesterday. Looking ahead, the Australian mining incident continues to ferment, coal and coke safety inspections are still continuing, raw material prices are easy to rise and difficult to fall in the short term, and steel mills' profit margins are difficult to restore; although the downstream policy continues to be favorable, the actual landing of new projects is not a matter of overnight, and the current terminal funds situation has not improved significantly, and the demand is difficult to release significantly in the short term. If there is no more action on the supply side, the steel price may remain volatile in the near future.
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