According to feedback from the Wuxi market, yesterday afternoon, 201 cold-rolled J2/J5 had already been sold at a price of 6,750 yuan/ton, but today the mainstream price dropped directly to 6,800 yuan/ton.
After understanding, the reason for this price drop is that on the one hand, the 201 transaction is not strong. Although 201 has been in the atmosphere of reducing production this year, it still cannot change the “difficult to sell” situation. Due to the influence of downstream demand, the recent transactions of 201 are relatively light; on the other hand, 304 has also recently entered a “declining price mode” “Affected by the falling price of 304, 201 cold and hot rolling also lowered prices yesterday and today.
