Shanghai: On August 19, the price of cold-rolled sheets and coils in Shanghai rose 30 yuan. According to feedback from traders, the Shanghai cold-rolled spot inventory has maintained a downward trend recently, and the merchants indicated that there is little inventory pressure. With the further increase in order prices, merchants have intensified their fear of heights and are more cautious about futures orders. There are few low-priced cold-rolled sheets resources in the market, and the downstream acceptance of high-priced resources has increased. The current demand is temporarily released, and the merchants are cautiously optimistic.
Tianjin: Today, the price of cold-rolled coil in Tianjin is temporarily stable. The current 1.0 specification mainstream resource price is 4400 yuan. According to traders feedback, cold-rolled prices in Tianjin have been consolidating at a high level due to the upward adjustment of Benxi Steel’s September futures prices. Recently, cold-rolling resources are tight, steel mills have higher order costs, and traders are more willing to price. In terms of transactions, the overall transaction was fair, with large-scale customers shipping around 700 tons.
Today, domestic
cold-rolled coil prices are rising, and overall transactions are relatively average. It is reported that the introduction of the September futures price policy, coupled with the recent volatility of hot-rolled steel futures, has boosted the market mentality. In the case of a brief release of demand, mainstream specification resources in some regions are tight, and downstream acceptance of high-priced resources has increased. In terms of market transactions, the willingness of downstream replenishment operations is average, and more purchases are made on demand, and the overall market trading atmosphere is average. On the whole, it is expected that the cold-rolled market price may consolidate at a high level on August 20.
