Publicado: Sep 21, 2023 18:17
Today's hot-rolled coils dropped to 3843, down 2.26%. In the spot market, the mainstream areas in the country have reduced the quotation of hot-rolled coils by 10-50 yuan/ton. According to SMM research, this week, the output of hot-rolled coils increased slightly, the cost of furnace materials was high, and the profits of steel mills were compressed, and the short-term supply may remain at a high level. At present, there is no large-scale pre-holiday replenishment action in the terminal, and the replenishment situation is not as expected. As the double festivals are gradually approaching, the pre-holiday replenishment of furnace materials is approaching the end. From the raw material side, coking coal will run in a stable and strong way in the short term, and iron ore will run in a stable way in the short term. The pre-holiday replenishment of furnace materials is approaching the end, and the furnace materials are slightly forced, but the cost support still exists, which makes the short-term decline of coil prices limited. The logic of peak season trading depends on the improvement of actual demand. At present, the actual demand performance is weak. Therefore, it is expected that the price of hot-rolled coils will still fluctuate in the short term.

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