[SMM Hot Rolled Daily Comment: Macro Data Released, On-Day Transaction

Published: May 17, 2024 18:09

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[SMM Hot Rolled Daily Comment: Macro Data Released, On-Day Transaction Performance of Hot Rolled Coil Spot Weakened Compared with the Previous Day] This week, the black metal sector first showed weak performance and then strengthened. This week saw a密集 release of news, with bullish and bearish sentiment intertwined. At the beginning of the week, the Ministry of Finance issued the relevant arrangements for the issuance of general treasury bonds and ultra-long-term special treasury bonds in 2024. Subsequently, market news reported that Shanxi would conditionally gradually lift the ban on night shift production in coal mines, sparking concerns about market supply. Under the influence of both coke and coke breeze, the black metal sector collectively weakened...

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