Rebar Futures Fluctuate Weakly, Close Lower with Expectations of Policy-Driven Rebound

Publicado: Nov 6, 2024 17:00
Today, the rebar futures opened higher but closed lower, experiencing weaker fluctuations throughout the day. The main contract I2501 eventually closed at 781.5, with a full-day decline of 0.76%. Traders' willingness to ship goods worsened compared to yesterday; steel mills were more cautious in their procurement, focusing mainly on purchases as needed. Today's market trading atmosphere was generally subdued. Transaction prices fell by 5-10 yuan/ton compared to yesterday; Looking ahead, the market still holds expectations for favorable policies that may be announced at domestic meetings. Therefore, it is anticipated that ore prices still have rebound potential after adjustments...

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Today, the rebar futures opened higher but closed lower, experiencing - Shanghai Metals Market (SMM)