Opening today, the domestic black line staged a roller coaster market.
Spot market prices are mixed. At present, the market is more from cost support. The third round of coke enterprises has started to pull up, which has slightly supported the bottom of the price, but the supply and demand sides have not changed significantly. The winter storage market has not yet started, and the off-season The market situation is becoming more and more obvious, and the price fluctuations currently have little practical significance for market transactions, and terminal purchases continue to be cool.
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In addition, the market is expected to raise interest rates by the Fed in March again, and the market is cautious and wait-and-see. Today, there is a large outflow of about 1.5 billion in thread and iron ore.
In the short term, the market may fluctuate slightly in a range, and the directional market may not be far away. (If you want to know more about the impact of the production restriction policy on Galvanized Coil, you can contact us at any time)
Today, domestic coating prices are running smoothly. Today’s hot coil black futures were strong at first and then weak, and closed down in the afternoon. The galvanized guide price of private steel mills remained stable. According to feedback from some people, the epidemic in North China and Tianjin area repeated again over the weekend, affecting logistics and transportation. Local traders need to go to work with nucleic acid test reports. Most of the rest work from home, and there is basically no transaction in the market. Regarding the market outlook, Baosteel, Shougang, Benxi Iron and Steel, and Anshan Iron and Steel have issued futures price policies for February, all of which remain flat. On the whole, it is expected that the price of domestic coated coils will not rule out a slight weakening tomorrow.
(If you want to get the price of specific steel products, such as Wholesale Hot Dip Galvanized Coils, you can contact us for quotation at any time)