SunSirs: Hot Rolled Coil Futures Closed at 5,032 on October 27 and Fell 3.56%
October 28 2021 13:49:07 SunSirs (John)
Price trend
On the 27th, hot rolled coil futures 2201 fell: closing at 5,032, down 186, or 3.56%; opening at 5,258, with a high of 5,320 and a minimum of 5,015, with a position of 560,000 lots, an increase of 7,700 lots. As of the afternoon of the 27th, the hot rolled coil spot price was 5,436 RMB/ton, down 1.84% from the previous day.
Analysis review
On the 27th, the hot rolled coil spot continued to fall, the coke and coking coal futures had a lower limit at the opening, and the black series fluctuated and fell. Many departments strengthened coal resource management and control, and the cost-side support was lowered. In addition, at the end of the month, the capital chain shrank, suppressing the willingness of merchants to keep prices, market sentiment was pessimistic, and transactions were few.
Market outlook
On the whole, in the short-term, the hot rolled coil will fluctuate weakly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2026-09-20 SunSirs: Amid the Tug-of-War Between Bulls and Bears, Hot Rolled Coil Prices Fluctuated Within a Narrow Range (Sept. 14-18)
- 2026-09-18 SunSirs: Analysis of the Impact of Steel Supply, Demand, and Inventory Data on Market Trends This Week
- 2026-09-10 SunSirs: Steel Products Industries Bulk Commodity Intelligence (September 10, 2026)
- 2026-09-07 SunSirs: Hot Rolled Coil Prices Fluctuated at High Levels Last Week (Aug. 31-Sept. 4)
- 2026-09-02 SunSirs: Supported by Costs, Hot Rolled Coil Prices Saw an Initial Decline Followed by a Rebound in August
