SMM Steel Morning Meeting: Narrow Price Fluctuations in Hot-Rolled Coils Amid Declining Inventory

게시됨: Oct 31, 2024 07:30
[SMM Steel Morning Meeting Minutes: Hot-rolled Coil Prices Fluctuated Narrowly Yesterday with Average Transaction Performance] In the spot market, prices offered by merchants in many regions experienced slight adjustments in the afternoon. From the fundamental perspective of hot-rolled coils, inventory data for hot-rolled coils in some mainstream cities have been released. This week, Zhangjiagang's inventory increased by 1.11% compared to the previous week, while the inventory in other mainstream cities such as Lecong decreased by 4.57% week-on-week, Shanghai by 7.22%, Tangshan by 9.21%, and Shenyang by 5.24%. Overall, the social inventory of hot-rolled coils continued to decline, and there were relatively minor fundamental contradictions. Looking ahead, with macroeconomic meetings and policy windows approaching, the underlying support remains strong...

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