On June 25, the average price of 5.5mm hot-rolled coil in key cities in China was 3,711 yuan, and the price was 9 yuan lower than that of the previous trading day. At the opening of the market today, the price consolidation of the domestic hot coil market weakened, and the overall decline slowed down compared with yesterday.
In terms of the price difference between the north and the south, the key cities are 3,720 yuan, Tangshan is 3,620 yuan, the price difference between the two places is about 100 yuan, Handan is 3,670 yuan, Wuxi is 3,770 yuan, and the price difference between the two places is about 100 yuan.
On the whole, although the black futures are still fluctuating downward, compared with the previous few days, the decline has slowed down, and the main bulls of the futures volume have stopped falling and probed the operation, as of press time, the main force of the futures volume remains between 3723 yuan and 3742 yuan. As for the resource situation, according to market feedback, at present, with the fermentation of production cost factors, forced profit margins, enterprises around the initiative to reduce production willingness is stronger, although there are individual enterprises new rolling line put into production, but the overall amount of resources is acceptable, in the short term does not affect the normal rhythm of supply and demand, but considering the recent weather factors have a great impact on the market, the inventory level is in the rising channel, and the inventory pressure of trading enterprises around the country may be highlighted in the coming period. As for the later view, the current market news is still in the game, but the overall downward trend has not changed, and the individual rebound market can not form an effective downward trend, so it is expected that the domestic hot coil market price will show a stable and weakening pattern tomorrow. (Lange Steel, Li Mianchen)