Publicado: Oct 13, 2023 19:07
According to SMM, today's hot coil futures fluctuated upwards, closing at 3731, up 0.43%. In terms of spot, today's mainstream regional hot coil quotation in the country is stable and slightly rising. Today's table demand is slightly warmer, but the actual demand has not improved significantly. Terminal cautious wait-and-see attitude remains unchanged, mainly with low price transactions for just-in-time demand; in terms of supply, this week's hot coil output has decreased compared with last week. According to SMM research, the impact of October steel plant maintenance has increased compared with the same period last year. The profit and order situation of steel plants is generally average in the near future, and it is expected that the hot coil output will still decrease in the short term. In terms of cost, steel companies still need to replenish coking coal, but the daily iron ore output has decreased. Coke steel companies are in a game stage, and there is still cost support in the short term. If the profit of steel plants is further reduced in the future, the demand for raw materials will weaken, but under the situation of low inventory of raw materials, the downward space is limited. It is difficult to reverse the situation of weak demand in the peak season, and the price of coils will still be weakly fluctuating in the short term, and the rebound space is limited.

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