Publicado: Jun 17, 2024 17:12
【SMM Hot-rolled coil daily review: Steel export growth of 18% YoY, domestic spot trading deviation?】Today, the hot-rolled coil futures market fluctuated and fell, closing at 3780 by the afternoon, with a decline of -0.63%. In the spot market, the futures market fluctuated and weakened, some traders raised prices and were reluctant to sell, there were many downstream terminal watchers, the trading atmosphere was below average, and the hot-rolled coil trading was weak throughout the day. In terms of costs, the basic surface of coke was generally stable, but still considering that downstream steel consumption entered the off-season, steel mills' profits are expected to shrink, and coke prices will tend to weaken; recently, the pressure on iron ore supply has eased, and mining prices are still supported. Therefore, in the short term, the cost support of hot-rolled coil is relatively stable. In terms of shipping, the total export volume of SMM Chinese ports was 2.5911 million tons, maintaining a net export situation, with a YoY increase of 18%. Overall, it is expected that the hot-rolled coil price may fluctuate in the short term, and attention should be paid to the subsequent SMM steel mill maintenance data and inventory research situation.

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【SMM Hot-rolled coil daily review: Steel export growth of 18% YoY, dom - Shanghai Metals Market (SMM)