Industry news
Price Trend of Hot Rolled
Domestic HRC prices fell slightly this week. The average price of 3.0mm HRC in 24 major markets across the country was RMB 4,020/ton, down RMB 29/ton from last week; the average price of 4.75mm HRC was RMB 3,955/ton, down RMB 29/ton from last week. From the regional inventory data, the largest decline in the region is the Southwest, down 0.88 million tons from last week, the largest increase in the region is the East China region, up 24,300 tons from last week.
Market supply and demand continue to show a cumulative increase in demand for pre-holiday inventory replenishment is more cautious, resulting in inventory did not show a decline in market confidence is more obvious. On the supply side, in the case of gross profit still exists, it is difficult to show a significant decline. Consumption from September to mid-October consumption can still be supported, the future of the overall domestic demand or will still have space to decline. Next week, the market is difficult to ease the pre-holiday contradictions, fundamental contradictions will continue to accumulate, for the price or will cause the top inhibition, shock weak structure.
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