Market Sentiment Tight Before Labour Day; Spot Prices Expected to Remain Firm

Published: Apr 29, 2025 14:26
Before the Labour Day holiday, there was a strong sentiment for stockpiling. Low inventory levels prompted suppliers to quote higher premiums, and transactions were active. Tomorrow is the last trading day of the month-end, and it is expected that most enterprises will close their accounts for settlement, potentially leading to a decline in market trading activity. However, considering the tight supply of goods and the continued presence of just-in-time procurement, it is expected that spot prices will remain firm.

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Before the Labour Day holiday, there was a strong sentiment for stockp - Shanghai Metals Market (SMM)