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Spot prices continue to fall
Spot prices continue to fall
Source: youtube2d.com Release date: 2020 / 9 / 29 17:13:05 Number of hits:

According to the monitoring of iron and steel cloud business platform, as of September 25, the average price of 1.0 mm cold rolled sheet in Shanghai was 4730 yuan (ton price, the same below), 20 yuan lower than the same period last week, and 130 yuan higher than that of the same period last month.

This week, the price of cold rolled sheet in Shanghai showed a downward trend. At the beginning of the week, the price of hot coil futures was down, and the market price was down by about 10 yuan / ton along with the futures price. The release of demand side is still relatively slow, cold rolling prices are at a high level, downstream businesses choose to wait and see the price trend, and the performance of transaction surface tends to be weak. According to traders, the current stock pressure of Shanghai cold rolling market is not big, some specifications are out of stock, and the mentality of merchants is relatively general.

In the middle of the week, the price again chose the downward trend, with a downward range of about 10-20 yuan / ton, and some specifications in the cold rolling market were out of stock. On the one hand, the price of hot coil futures has been lowered, and the downstream terminals have a wait-and-see view on the current spot price. On the other hand, the inventory of cold-rolled sheet resources in Shanghai market is too small, some businesses are reluctant to ship too much, and traders are pessimistic.

At the end of the week, the spot price continued to decrease by 10 yuan / ton. According to the feedback from traders, the new arrival resources of cold rolling had been put into storage, and the price continued to be firm. The cold rolled coil price was mainly low, and some merchants' quotation was high and the shipment was not good. Cold rolling market spot inventory continues to be at a low level, also affected by this, the market price decline is limited. Overall, it is expected that the price of cold rolled sheet in Shanghai will continue to be stable and weaken next week.

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