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Shock consolidation of Shandong Hot Roll MarketGamealicecryptoThe output remains high recently, the price of hot rolls in Shandong has remained stable, and the market transaction is general. Although the output of crude steel decreased in the first quarter, the output of hot coil increased slightly. The cost of raw fuel supports the market, but the increase in demand is limited. It is expected that the market will maintain a volatile consolidation trend in the short term.

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The price of hot rolls in Shandong remains stable, and the market trading performance is average. Recently, the price of hot rolls fluctuated little, the prices of traders in the spot market remained stable, and prices rose slightly in some areas. However, downstream and terminal enterprises hold a wait-and-see attitude, the willingness to buy is not high, traders are facing certain sales pressure. Although crude steel production declined in the first quarter, the overall steel market still showed a small growth, especially the hot coil output remained high, and the contradiction between supply and demand has not been effectively alleviated. Recently, the production plan of hot coil rolling line has also supported the high operation of hot coil production to some extent. Looking to the future, the hot roll market in Shandong may continue to fluctuate in a narrow range. The cost of raw fuel forms a certain support to the market, but the fundamental demand for hot coil is difficult to improve significantly for the time being. In the context of the game between the long and short sides, the hot roll market may maintain the trend of shock consolidation in the short term. Risk Tip of Hexun self-selected WriterGamealicecryptoThe above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment suggestions related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.