HRC Futures Fluctuate, Steel Prices Seen Stabilizing Amid Holiday Season

게시됨: Jan 20, 2025 17:47
The most-traded HRC futures contract fluctuated today, closing at 3,472 in the afternoon. In the spot market, as the Chinese New Year approaches, trading activity across the industry chain has noticeably cooled, and spot market transactions were moderate. In the short term, pig iron production maintained its growth trend, with cost support remaining stable for now. Regarding the fundamentals of HRC, the current pace of inventory buildup is significantly slower than in previous years. Although January supply continued to rise, year-end downstream manufacturing demand also demonstrated strong resilience, keeping fundamental imbalances temporarily low. Considering the short-term macro policy vacuum and the market gradually entering the holiday period, steel prices are expected to fluctuate upward this week before stabilizing.

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn
The most-traded HRC futures contract fluctuated today, closing at 3,47 - Shanghai Metals Market (SMM)