Tianjin News: On the 13th, the price of Tianjin hot coil market continued to fall, and the transaction was average. As of press time, the local spot market price is 30-40 yuan/ton lower than the price of the previous trading day. The current price of Tianjin Benxi Iron and Steel 4.75*1500*C general coil is 5750 yuan/ton, and Chenggang/Baogang Steel 4.75*1500*C general The coil price is 5760 yuan/ton, and the price increase of low alloy is 120-130 yuan/ton.
Today’s hot coil futures fluctuated at a low level in the morning. The hot coil spot quotations in Tianjin continued to fall by 30-40 yuan/ton. The market atmosphere was deserted. Afternoon futures fluctuated upwards, market sentiment was boosted, and overall transactions were average. In terms of raw materials, today’s Tangshan Pu billet resources ex-factory report is 5250 yuan/ton including tax, down 50 yuan/ton from the previous trading day. In terms of transactions, Tianjin Hot Rolls sold 590 tons today, an increase of 443 tons from the previous trading day. At present, the weak environment of supply and demand still dominates the mainstream. The market has weakened expectations of future production and power restrictions. It is expected that the recovery of demand will still be weaker than supply and demand, and the market is bearish. On the whole, it is expected that the price of hot-rolled coil in Tianjin tomorrow may fluctuate and run weakly.
(Source: My Steel Network)