Forecast: Tomorrow's PPGI and galvanized steel coil price
In the first ten days of April, the production and inventory of steel enterprises both rose. The Central Disciplinary Committee strengthened the supervision of bulk commodities. As a result, the futures rose and then fell. The spot market price fell slightly after the rise. However, under the support of high costs, the price of steel enterprises remained high. The economic goals remain unchanged, and there is no shortage of financial tools such as interest rate cuts and RRR cuts to support the development of small, medium, and micro enterprises and increase the steel demand.
Hot-rolled steel coil: steady and rising
The futures volume held in the red and fluctuated, market sentiment was boosted, prices rose slightly, the epidemic situation in various places eased, some cities were unblocked, many departments of the state valued transportation, market resources increased, and costs continued to rise, supporting the economy in the country. Therefore, under the premise of development, the prices of bulk commodities are mostly maintained to rise, and it is expected that the market price of HRC may rise steadily tomorrow.
The black futures fluctuated, and the market operation sentiment eased. The spot price was still at a high level. The terminal purchases were cautious and wait-and-see. The overall market trading was sluggish. ppgi/ppgl/galvanized steel coil price may rise steadily.
