Baoji Hot Roll: Demand for price stability

On the 1st of the day, the mainstream quotes for hot-rolled coils in the Baoji market held steady, and the market turnover was low. At the time of writing, the price of TISCO's 1.8mm hot coil was 4,720 yuan/ton on the market, the price of 3.0mm hot coil was 4460 yuan/4490/ton, and the price of 4.75mm JISCO and Baotou Steel coil was 4,410 yuan/ton.

The opening of the market today, Beijing, Shanghai and other mainstream hot market prices temporarily stable, the market transactions in general, the downstream wait-and-see mood. The local market maintained its price stability today, and the market's mainstream resource prices were basically maintained at 4410-4440 yuan/ton, and the transaction was slightly sluggish. Market: As the downstream demand of the Baoji hot-rolling market weakened recently, market transactions decreased, and some merchants had poor enthusiasm for ordering. According to feedback from businesses, affected by the sluggish sales of Xi'an hot-rolled steel, Baoji's recent shipments were generally unsatisfactory, and some merchants had a slight downward trend, but the market remained basically stable. Mentality: Due to the weak demand in the local market and Xi'an's hot rolling stocks are relatively large, most merchants in the later period believe that there will be no shortage of goods in the future Baoji market. Therefore, most merchants are temporarily on the market with a wait-and-see attitude. Taken together, although Baoji's current downstream demand for hot rolling is relatively weak, Baoji's hot-rolled prices will continue to be dominated by weak consolidation in the short-term, given the relatively small inventory pressure in Baoji and the low sales pressure.