The market opened after the holiday, the main contract of futures volume opened higher in the morning, and the intraday volatility became stronger. The spot market in various places started one after another, which was affected by the main force of the futures volume. In addition, the central bank and the National Development and Reform Commission recently continued to suggest that more macro-control policies will be launched in the future. The economy developed steadily in the quarter, and the quotation of steel was relatively strong due to the impact of infrastructure construction and domestic demand expectations.
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On February 7, domestic coating prices mainly rose. On the first trading day after the holiday, the black futures of hot coils were running at a high level, and the galvanized guide price of private steel mills increased by 50-150 yuan compared with that before the holiday. According to feedback from traders, the market has resumed work one after another today, and some private steel mills have gradually resumed production after commissioning equipment.
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With the continuous introduction of favorable macroeconomic policies, the market mentality has improved significantly compared with that before the holiday. In terms of transactions, there are not many actual transactions in the market today, and it is basically preparatory work. Before the holiday, market merchants did not hoard a lot of goods. Coupled with the stimulation of good news, short-term prices are easy to rise and hard to fall. On the whole, it is expected that the price of domestic coated coil will increase slightly tomorrow.
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