The price of the national cold-rolled coil market was partially raised, and the black futures of the hot coil fluctuated in the red. The Tianjin market in North China closely followed the changes in the disk, and the price of cold rolling was increased by 40 yuan. According to the feedback from traders, due to the recent price fluctuations, most of the merchants focused on shipments, and downstream terminals were still cautiously waiting and watching, basically purchasing on demand. The price of cold rolling in the Shanghai market in East China also increased slightly.
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As the market turned red, the mentality of merchants has improved, but the market demand has not been fully released. At present, the resources of steel mills are arriving one after another, and the pressure on traders' inventory is increasing, and there is a situation of accumulating warehouses. Overall, it is expected that the price of domestic cold-rolled coil will be dominated by consolidation today.
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Today's domestic coating prices rose individually. Hot coil black futures fluctuated upwards, and the galvanized guide price of private steel mills went up and down. According to feedback from traders, the electronic market has improved, but the spot market price has not risen significantly. In the second half of this month, merchants mainly ship more and collect money. After the closing ceremony of the Winter Olympics, small factories in North China resumed production one after another, and market resources were replenished. The overall demand is sluggish, and downstream customers are not very motivated to purchase and stock up, and they are more wait-and-see. The market turnover in North China and Tianjin has improved slightly. Today, some large households have a turnover of about 600 tons. On the whole, it is expected that the price of domestic coated coils will be temporarily stable today.
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Post time: Feb-23-2023