The inventory pressure of CCS grade A hull steel coil is not big

The average price of CCS grade A hull steel coil in major cities in China rose yesterday compared with the previous trading day. The spot market price of CCS grade A hull steel coil rose slightly yesterday, and the market transaction was OK after the rise, but the high transaction was slightly weak. There were more speculative demand and low replenishment demand in the market, and the terminal demand for CCS grade A hull steel coil was still mainly purchased on demand.

However, the CCS grade A hull steel coil merchants had strong resistance to price and were unwilling to reduce the price for shipment. Affected by heavy rainfall in northern China, the steel demand is slightly weak in the near future, the CCS grade A hull steel coil price is under pressure, and the amount of North steel going south has slightly increased, which also alleviates the shortage of goods in East China to some extent.

At present, the market inventory pressure of CCS grade A hull steel coil is still small, but the market sentiment is a little bit afraid of heights, but the arrival cost is high and the inventory pressure is not big, which still supports the CCS grade A hull steel coil price. Overall, it is expected that today's CCS grade A hull steel coil prices will fluctuate and run in consolidation operation.

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