The stock steel prices in Southwest China is mainly stable

On Friday, the black series commodity futures fluctuated and rose, and the steel market's bearish mood slightly weakened. During the weekend, Tangshan carbon steel billet price increased slightly, and the quotation of steel merchants in the market increased slightly, and the transaction atmosphere was more positive. At the beginning of the week, the stock steel prices in Southwest China increased slightly, but the mentality of steel market was still cautious; in terms of transaction, it was still dominated by just needed replenishment, and there was no obvious trend of large volume.

On the whole, with the sharp fall in steel prices in the early stage, the market risk has been released to some extent; at present, most domestic steel mills are in low profit, and some steel mills have lost money. On the one hand, the recent maintenance production reduction and increase, on the other hand, the willingness to support the steel price is strong. At present, the "peak season" demand is not as expected, and the market mentality is cautious and wait-and-see; the short-term steel price rise lacks support, and the downward trend has certain resistance to fall, so it is expected that the stock steel prices in Southwest China will be stable in the future.

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