The snails closed down with shocks. Although the macro information is slightly boosted, the current situation of the C12200 Copper Sheet Price spot market is positive, with the increase in resources for most of the shipments, but the terminal demand is difficult to improve significantly, the price increase momentum is obviously insufficient, and the merchants’ shipment psychology is on the top In the afternoon, individual resources have fallen, and the price of building materials is expected to fluctuate weakly tomorrow.
Hot-rolled coils: the main stability is stronger. Black futures continue to fall green. Due to some factors such as transportation restrictions, the overall market transaction performance is deserted. The small and medium-sized market is still weak, and there are even no transactions. From the current situation, the continued upward momentum is insufficient. It is expected that the price of hot rolls will fluctuate tomorrow. Weak operation.
Medium and heavy plates: The main decline is steady. Futures remain red and fluctuating, the superimposed cost side is operating firmly, market sentiment tends to be stable, but some transactions are not good, merchants are cautious and wait and see, and quotations are mostly strong. Considering that subsequent market resources will be supplemented, merchants will focus on shipments. It is expected that tomorrow Medium and heavy plates may be weakly finished. The snails remain red and fluctuate, but market confidence is insufficient, and the spot is about 10-15 lower than this morning. At present, the downstream products are mostly on demand, and the market price is weak. Although the current market is favourable and well supported, there is no choice but to follow up with insufficient demand. Considering that the billet has risen by 10 this morning, it is expected that tomorrow may stabilize the tone.
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