Price trend

On the 12th, the dominant price of domestic hot rolled coil was raised by about 10-20 RMB/ton. According to the price monitoring of SunSirs, the average domestic market price was 5,150 RMB/ton, up 0.19% from the previous trading day.

Analysis review

On the 12th, the spot market price was stable, with some fluctuations, the market situation was still not optimistic, the downstream demand was not supported enough, and there were not many vehicles for processing out of the warehouse, but the hot rolled coil futures rebounded in the afternoon. The in-depth guarantee of transportation by multiple departments of the state, combined with the large national unified market, the market had strong expectations for the steady growth of the macro economy, and some merchants' quotations rose However, there were many real price negotiations, and the market trading atmosphere was still relatively cautious..

Market outlook

Under the weak reality and strong expectation, the hot rolled coil market will continue to fluctuate in the short term.

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