HRC Futures Fluctuate Slightly as Market Enters Holiday Mode; Inventory Builds Slowly

Publicado: Jan 23, 2025 16:40
The most-traded HRC futures contract fluctuated rangebound today, closing at 3,457 in the afternoon, down slightly by 0.46%. In the spot market, more upstream and downstream enterprises have gradually started their holidays, leading to further shrinkage in spot market transactions. SMM released its weekly HRC balance data today, showing that HRC production continued to increase this week, albeit at a slower pace. According to SMM statistics, the social inventory of HRC across 86 warehouses nationwide (large sample) reached 3.0949 million mt this week, up 175,400 mt (+6.01% WoW) and down 25.38% YoY on a lunar calendar basis. This week marked the start of the Chinese New Year inventory buildup cycle for HRC, with the buildup pace significantly slower than in previous years. Looking ahead, the market is expected to gradually enter a holiday shutdown after the next two days, with HRC prices likely to stabilize before the holiday.

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.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
The most-traded HRC futures contract fluctuated rangebound today, clos - Shanghai Metals Market (SMM)