Price of Hot-rolled coil keep rising
:  : Jul 08,2021
Hot-rolled coil: On July 7, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 5,564 yuan/ton, an increase of 68/ton compared to the previous trading day. The situation in the spot market continues to show an improvement mentality, and the quotations of merchants have also risen accordingly. The editor here recommends that the majority of buyers should seize the opportunity to control the purchase cost.
The speculative demand in the market is still increasing recently, but after the rise, market transactions are generally average. The demand performance is weak, and the procurement is basically on-demand, and the short-term volume of transactions is limited. On the whole, under the constant fermentation of production restrictions and production reduction news, the futures disk continues to rise, driving the willingness of merchants to increase prices, and spot market prices follow the rise. It is expected that on the 8th, the market price of hot-rolled coil will be strong.