The spot market price rose slightly, and the Tangshan billet took the lead in rising since the weekend. Among them, the trading atmosphere in the construction steel market has improved significantly, and the terminal and speculative demand has increased. The price in Beijing and Tianjin is relatively low, and the external procurement is relatively high. The transaction volume in East China has increased significantly compared with last week. North China and East China of sheet metal performed better, while other areas were relatively average.
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Today, the overall price of building materials market fluctuates stronger, and the overall volatility in futures is stronger. At present, the market demand side is released slowly, merchants are mainly shipping, and the short-term price changes are limited. It is expected to run in shock tomorrow.
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Today’s domestic profile prices remained stable and consolidated, and the trading was acceptable. Supported by the rise of coke at the raw material end, the spot price stopped falling and stabilized. The billet rebounded by 20 to 4,550 yuan over the weekend. It is running steadily today. The price of the steel billet is locked at 4,500 yuan before the festival. The current price is close to the pre-holiday winter storage price, so the market resources are quite strong. The willingness to price is strong, the impact of external emergencies has been buffered, and the market has gradually turned to be fundamentally oriented. In the near future, it is necessary to continue to pay attention to changes in supply and demand and the implementation of policy planning projects. In the short term, fluctuations will be the main consolidation.
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