【SMM Steel Morning Meeting Minutes: Rebound Trend Continues, Building Materials Futures Active】

Yesterday, rebar prices fluctuated and closed at 3463, up 1.70% compared to the previous trading day. Throughout the day, spot market prices remained stable with a slight strength.

On the supply side, according to SMM research, the impact of maintenance on building materials this week is 1.6664 million tons, a decrease of 0.115 million tons compared to last week, and production may have a tendency to rebound from the low level. On the demand side, the rebound trend continues, the market atmosphere has slightly warmed up, and activity in the futures market is active.