The price of steel profiles in China is stable and the transaction is general

North China: The price of steel profiles in North China is stable, the futures market fluctuates in a narrow range, the delivery rhythm is stable, but the market confidence is still insufficient, and the overall transaction is general. The current market is in the off-season, and demand may not improve. In addition, the sentiment is weak, the market confidence is insufficient, and low-price transactions are the main ones. The manufacturer's inventory is high, and shipments are the main ones. The short-term supply and demand contradiction in the market remains unchanged. On the whole, it is expected that the price of steel profiles in North China will be adjusted in a narrow range tomorrow.
East China: The price of steel profiles in the East China market is weak and stable, and the transaction is weak. Today's market quotation is relatively stable; from the perspective of demand, according to market feedback, the number of inquiry orders has decreased significantly, inventory shipments are not smooth, and social warehouses are overstocked. At this stage, as a traditional off-season, coupled with the arrival of the plum rain season, it is difficult for the price of finished products to rise. On the whole, it is expected that the price of steel profiles in the East China market will remain stable tomorrow.
South China: Today, the price of steel profiles in South China is basically stable, and the overall transaction is general. Today, the futures of screw fluctuated at the opening. During the trading session, most traders cancelled preferential shipments, but downstream customers were cautious and waited and watched. In the afternoon, the futures fluctuated, and the spot prices were temporarily stable. At present, most merchants in the South China profile market have small inventories, especially small and medium-sized merchants rarely make inventories. The overall inventory of the market is relatively low, so merchants are cautious about the future market, and they mainly promote shipments on a case-by-case basis. On the whole, in the case that downstream demand is difficult to improve significantly, the South China profile market may fluctuate in a narrow range in the short term.
Southwest region: Today, the price of the Southwest steel market tends to stabilize, and the overall transaction is weak. On the market side, the black futures market fluctuated upward, and the price of raw steel billets rose slightly, but the overall demand performance was poor. In terms of inventory, the market has maintained low inventory in the near future, and the inventory is mainly replenished on demand, and the inventory pressure is acceptable. Although the red fluctuation of the futures of screw has led to a slight improvement in market sentiment, the price increase is still weak, and merchants are more cautious. In summary, it is expected that the price of the Southwest steel market will remain stable tomorrow.
Source:https://m.mysteel.com/a/25061616/C1BFCEB3B079C3C9_abc.html