The market has a strong wait-and-see mood, and the overall market turnover is weak. Futures remained low and fluctuated in the green, and traders were pessimistic. It is reported that the current billet-adjusting and rolling mill in Tangshan has been notified that the production limit will be postponed to the 20th of this month, and whether it will resume production after that will be notified separately. It is comprehensively expected that the price of Tangshan billet will fluctuate on February 16th.
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On February 15th, the market price of building materials dropped sharply as a whole, and the overall trend of futures was weak. At present, the market is greatly affected by national control, coupled with the slow release of downstream demand, it is expected that the shock may weaken on February 16th.
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Domestic profile prices continued to run weakly. Following the weak futures last Friday, the weak trend continued this week. The spot market prices rose and fell. This week, the cumulative decline was 50-100 yuan, and the cumulative increase after the holiday was 150-200 yuan. The downstream wait-and-see mood is strong. We are looking forward to the expected start of construction after the holiday, but there is a dispute over the start-up time of demand. The good news of the inter-festival policy is released in a concentrated manner. Under the premise of expanding domestic demand and stable development, we are still cautious about the short-term market. Most merchants look at the price The range fluctuates. Observe the replenishment node. Currently, the overall inventory is at a normal level. Under the condition of sluggish demand, the supply and demand are temporarily out of balance. It is yet to be further observed the demand start signal after the holiday. Therefore, it is expected to be weak and consolidate on February 16th.
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