Futures “love” the reshuffle, steel prices continue to fluctuate

Since the disk rebounded after oversold, it has been shattered every time after giving hope. Judging from the recent trend, the “exciting” of the opponent’s disk play during the day has continuously increased the difficulty of spot operations. So far, the steel market views are roughly divided into two groups, overly pessimistic and relatively optimistic. But in the final analysis, it still depends on the follow-up situation of the demand, otherwise it will be “on paper”.
(To learn more about the impact of specific steel products, such as galvanized sheet metal, you can feel free to contact us)
Today’s futures fluctuated again and closed up. Some spot market transactions increased. In the afternoon, some markets showed a dark rise. However, in general, the spot market quotations were chaotic, and the mainstream transactions were relatively concentrated and high.
(If you want to know more about the industry news on galvanized iron sheet, you can contact us at any time)
According to the market, with the recent rebound in prices, the destocking efforts have been better in various places; some low-priced areas have outflowed resources, and the inventory has dropped significantly, which is already lower than the normal level. Combined with the mentality of traders, many optimists believe that the decline in inventory is conducive to the start of prices. But the point to worry about here is the continuity of the future stock transfer from the factory to the market, and as the price fluctuates sideways and the bottom price continues to rise, will the willingness of steel mills turn from weak to strong in the later stage?
(If you want to get the price of specific steel products, such as galvanized steel plate, you can contact us for quotation at any time)