Today is another day for price increases!
After the Delong Festival, it has been rising for four consecutive times. After a lapse of January, Qingshan will rise by 1300-2400 yuan/ton at the opening today.
Yesterday, the steel mills either submitted orders for approval and received limited orders, or they were closed for sale. What is the sight of 304 stainless steel today?
The transaction in the morning market was “extremely good”, but the transaction was flat in the afternoon!
It was learned from the Wuxi market that the transaction in the morning market was very good. Basically, every time a cheap resource was quoted, it was “second” off, so the price was constantly pushed up, but in the afternoon, the opening price of Qingshan was low, which is not good for the time being. Supported by news, the transaction was flat, and the high price callback in the afternoon showed that the transaction yielded a profit of 100 yuan/ton.
Up to now, the base price of Delong and Beibu Gulf new materials for 4-foot rough edges is about 15,700 yuan/ton (converted to a 2.0 cut of 16200). Yongjin has fewer spot resources, and the quoted prices of goods traders are firm. The basic price of 4-foot rough edges remains at 16,400 yuan/ton. Tons (converted to 2.0 cut 16900). In the hot rolling market, Dongte and other private resources reported at 16,400 yuan/ton.
It can be seen from the opening price of Qingshan that although the opening price rose sharply, the opening price was about 400 yuan/ton lower than the market price. What signal did this release?
Industry Insider A: “This is the same as buying stocks. When the price rises to the top, many people buy them. They all want to make short-term profits. Everyone thinks that they will rise again after the price rises. They all go crazy buying goods. It’s normal. Retail psychology!”
Industry insider B said: “I heard that there may be a lot of spot goods flowing into the market, and the steel mills are not stupid. Maybe they will increase in the future. Don’t worry, this may not be the last carnival.”
