Weakening demand in the off-season, steel prices may fluctuate within a narrow range next week
Date: 2022-06-10
Weakening demand in the off-season, steel prices may fluctuate within a narrow range next week
This week, the mainstream prices in the spot market fluctuated. The recent performance of raw materials has risen slightly and the performance of futures disk has strengthened simultaneously, so the overall mentality of the spot market is good. On the other hand, the recent winter storage sentiment in the market has increased, but in view of the relatively high spot cost at present, market operations are cautious, and prices are adjusted within a narrow range.
On the whole, the domestic steel market price fluctuated this week. At this stage, the supply of upstream enterprises has increased slightly, but the enthusiasm for winter storage in the spot market is generally moderate at this stage, so the resources of factory warehouses and social warehouses have increased in both directions. On the other hand, except for the overall consumption situation in individual regions, which remains considerable, most regions are still in a state of contraction, and the shrinking speed of demand will continue to accelerate as time goes on. Overall, it is expected that the domestic steel market price may continue to fluctuate within a narrow range next week.
Post time: Jan-10-2022
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