At the opening of the market today, the domestic futures and spot prices continued to rise, and the overall market was volatile.
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The raw material side is still stronger than the finished material. The high point of iron ore futures once exceeded the 800 yuan mark, and the increase was close to 7%. The double coke was boosted by the second round of spot price increases and the expectation of terminal production resumption, hitting a nearly 5-month high. Resting at 2,900 yuan and 3,600 yuan respectively, the bald head ends with Changyang. At the end of the finished product, the hot coil futures rally is still strong, the high point is approaching 5,300 yuan, and the coil-screw difference is close to 400 yuan!
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Today’s domestic coating prices rose sharply. The hot coil black futures are running at a high level, and the galvanized guidance of private steel mills will rise by 50-100 yuan. According to feedback from traders, the price has been rising rapidly recently, and the market has become fearful of heights. The transaction is obviously not as good as the previous days. Today, the shipments of small and medium-sized households in North China are around 100-200 tons. The recovery of market demand in East China was less than expected, and the number of orders received by some manufacturers in Jiangsu in March was only half. In terms of color coating, the ex-factory guide price of color-coated coils in North China has been raised by 100-200 yuan today. On the whole, it is expected that the price of domestic coated coil will continue to rise slightly tomorrow.
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