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Market price forecast of medium plate and hot rolled coil

Market price forecast of medium plate and hot rolled coil
Dec 30, 2022 page view:8

 hot rolled coil

It is expected that the price of medium plate will be adjusted in a narrow range tomorrow:
From the market point of view, the recent macro sentiment has warmed up, the overall operation of the steel market has also remained strong, and the spot price is stabilized. In terms of transaction, the overall resource circulation performance of the market was slightly weak, but it was supported by high costs. Although the spot transaction performance was average, the price remained firm. As the holiday approaches, seasonal factors will support spot prices, and it is expected that the medium plate price will strengthen tomorrow.

It is expected that the price of hot rolled coil will be stable and weak tomorrow:
Near the end of the year, the daily shipment volume of large market households is very rare, and most businesses are wait-and-see attitude towards the future market, not sensitive to the price. The leading steel mills have resumed normal production recently, the market social inventory has increased slightly, the demand of end users has shrunk, and most projects have been shut down. It is expected that the market hot rolled coil price will be high and volatile tomorrow.

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