Industry information
Cold rolled market prices bearish sentiment
【Time:2017-12-28 14:33】 【Traffic:

Opening on the 28th, the domestic cold-rolled coil market prices. According to monitoring data, as of December 28, the average price of cold plates in 10 key central cities in the PRC was 4968 yuan (tonne price, same below), down 14 yuan from the previous working day. Black Department is still showing a downward trend today, the market has been relatively frustrated confidence, bearish sentiment strong. Traders feedback, the market shipping situation in recent days less optimistic, although traders do not ship too much recently, but the business inventory is also less. Coupled with the recent weak performance of the futures market and market demand, the negative attitude of businesses on the market outlook, the recent performance is not too optimistic about hope. Higher ordering costs, making traders are not too willing to lower prices. Coupled with the introduction of the thermal coil settlement prices are also on the spot have some support. In summary, the market prices of domestic cold-rolled products are expected to continue to weaken slightly tomorrow.

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