Publicado: Oct 16, 2023 18:51
According to SMM, today's hot-rolled futures fluctuated upwards, closing at 3772, up 1.32%. In the spot market, hot-rolled prices in major regions of the country fluctuated downwards this week. This week, many steel mills have maintenance plans, short-term hot-rolled production has room to decline, and supply pressure has eased; today's spot prices rose, stimulating terminal customers to come out and take goods, and the overall transaction situation is still acceptable. On the cost side, steel mills are in a loss-making state, blast furnace maintenance plans are on the agenda, while the supply-demand balance of coke remains unchanged, steel enterprises are in a game, and short-term cost support has not collapsed. In general, although there are expectations of reduced production from steel mills, it has not yet reached the level of negative feedback logic, and the daily iron ore remains high, the contradiction between iron ore and ore is not prominent, and short-term cost support still exists. However, it is difficult for demand to improve significantly in the short term, and it is expected that hot-rolled prices will still fluctuate in the short term, and attention should be paid to further policy efforts and the fermentation process of overseas black swan events.

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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