Publicado: Oct 7, 2023 18:02
According to SMM research, today's hot coil market prices are running weakly intraday, the market transaction atmosphere is relatively cold, downstream terminals and traders have a heavier wait-and-see mood, and traders' enthusiasm for shipment is not high. Looking ahead, the impact of hot coil maintenance in October has increased, coupled with the current poor profitability of steel mills, the production enthusiasm of steel mills has been suppressed, so it is expected that the pressure on the supply side of hot coils in October will be relieved. On the demand side, in the short term, the downstream replenishment demand may be released in the first week after the holiday, but in the long run, the downstream order situation has not improved significantly, and it is expected to continue to maintain the demand level in September. In the short term, under the dual effect of replenishment expectation and supply reduction expectation, hot coil prices are expected to fluctuate strongly, but considering the long-term orders are still weak and downstream procurement is still cautious, it may form a suppression on hot coil prices, so it is expected that this week's hot coil prices will continue to fluctuate widely.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

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According to SMM research, today's hot coil market prices are running - Shanghai Metals Market (SMM)