Is The Price Of Color-coated Steel Coils Expected To Rise Or Fall?

The recent black futures have been helped by the surge in China's iron ore. The market is optimistic about China's demand prospects. Coupled with the decline in iron ore shipments from Australia and Brazil, the arrival of iron ore at ports has fallen, and market sentiment has improved. The steel spot merchants are optimistic about the increase in inventory replenishment. Today, the country's main port iron ore transactions were 1.632 million tons, a month-on-month increase of 435.1%, a one-and-a-half-year high. The recovery of short-term demand has promoted the rapid recovery of iron ore, adding to the atmosphere of a strong rise in metal prices. In China, the price of foreign minerals exceeded US$100/ton. At present, macroeconomic policies are on the warm side. In order to achieve the economic growth target set at the beginning of the year, many policies such as real estate and automobile manufacturing have been introduced one after another. Market capital investment is expected to pick up, which has led to a sharp rebound in black futures. Under the influence of futures, most of the spot market Rising, downstream terminal demand has recovered, and the surge in cost-end iron ore has pushed steel prices to rebound. However, steel coil prices are still in the "bottoming" range. Pay attention to whether there is continued upward momentum. In the medium and long term, we need to pay attention to the supply and demand matching of steel coils. , it is expected that the price of color-coated steel coils will rise steadily this week, with a range of 2-4 US dollars/ton. Please make timely orders according to the inventory situation. If you have any demand for color-coated steel coils, please contact us. We will provide high-quality, high-quality products and good services.