SMM Insight: Rebar Standards Transition - A Double-Edged Sword for Market: Risks, Opportunities, and Price Dynamics

Publicado: Aug 16, 2024 14:00
[SMM Hotspot: Switch Between Old and New National Standards for Rebar - A Risk or an Opportunity? Are There Any Opportunities to Come?] Looking back at this year's market, it has shown an inverted N-shaped trend with the price center of gravity continuing to decline. The market entered its off-season in June, and the July meeting brought no positive signals. Coupled with the switch between old and new standards, which sparked market concerns, prices fell rapidly. The lowest point on the chart fell below the lowest point in 2020, gradually approaching the low point in 2018. If it breaks through, there will be huge room for further decline...

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[SMM Hotspot: Switch Between Old and New National Standards for Rebar - Shanghai Metals Market (SMM)