SunSirs: Steel mills lock prices, and profile prices fluctuate within a short period of time
January 14 2020 13:44:51 SunSirs (Molly)
On the 13th, the prices of profiles were mainly stable, and there were individual price adjustment operations.
In terms of cost, some steel mills in Tangshan have introduced price lock policies to support the prices of finished products. In addition, steel mills have ceased production at the end of the year, and manufacturers are willing to price very strongly. In terms of cost, some steel mills in Tangshan have introduced price lock policies to support the prices of finished products. In addition, steel mills have ceased production at the end of the year, and manufacturers are willing to price very strongly.
On the market side, on the 13th, the price of goods kept falling and fluctuating, and the spot market sentiment was poor. While most steel mills have finalized their winter storage price policies, the range of changes in prices of finished products is expected to shrink. In the profile market, the accumulation of social stocks has appeared, coupled with the reduction of downstream demand, traders are cautious in replenishing stocks, and the overall market situation is poor. At the same time, due to the suspension of some logistics transportation at the end of the year, cargo transportation began to be restricted, or market transactions were restricted.
Overall, Tangshan has introduced price locks to support the prices of finished products. The industry has no good news for the time being. Downstream demand has contracted. It is expected that beam prices will fluctuate within a short period of time.
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