Shandong coil price analysis
At the beginning of this week, affected by macro policy information such as the central bank’s overall RRR cut and the marginal improvement of real estate policy, the market reacted quickly and prices rose all the way. However, due to the cyclical support of this round of policy support, it is expected that after the release, the overall demand will be affected by poorer overall demand. , Prices fell under pressure.This week, Shandong did not have any new production-restricted overhaul plans, the external market resources continued to flow in, and the overall coil social inventory accumulated slightly.
In terms of steel mills, the current profitability of steel mills is relatively high and prices are relatively strong, but the overall order situation is declining, and inventory continues to accumulate. Later, profit-oriented or there may be concessional sales, which is negative for spot prices.