Telah Terbit: Jul 20, 2023 18:11
Today's hot rolled futures fluctuated and rose, closing at 3887, with a tail-end increase of 1.41%. In the spot market, today's mainstream cities in the country are generally rising 20-40 yuan/ton, and the overall transaction preference is preferred. This week, some steel mills in the northern region continued to be inspected, driving the hot rolled production of this week to fluctuate slightly compared with the same period; in the short term, some steel mills in late July still issued maintenance plans, and it is expected that the short-term hot rolled production pressure will not be obvious. Terminal demand procurement is flat, benefiting from the reduction of steel mills in the northern region, and the overall hot rolled social warehouse continues to be de-stocked. Regionally, except for the East China market, the inventories of other regions have been reduced to varying degrees, and the reduction of inventories in North China and Northeast China is obvious. On the raw material side, there is still a certain cost support for the short-term roll price. The short-term hot roll supply pressure is not large, and the market still expects good policies, the market sentiment is improving, and it is expected that the short-term roll price or shock will be strong in the future.

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Today's hot rolled futures fluctuated and rose, closing at 3887, with - Shanghai Metals Market (SMM)