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ASTM A36 hr coil price remains high and fluctuate
On the 14th, the price of ASTM A36 hr coil is fluctuated in China. The national average price of 3mm ASTM A36 hr coil was 492 usd / ton, 0.71 usd / ton higher than the previous trading day. Today, the black commodity futures market fluctuated upward, closing up 0.40%. The spot market was more wait-and-see, and the business quotation was narrow.
At present, there are relatively few ASTM A36 hr coil inventory resources in the market, and merchants have strong willingness to stand up for price. However, the continuous rise in recent years has led to the aggravation of wait-and-see mood in the downstream, low purchasing enthusiasm and general market transaction.
The short-term market supply and demand for ASTM A36 hr coil is relatively balanced, the business mentality is relatively stable, the price rise and fall space is not big. On the whole, it is expected that the market price of ASTM A36 hr coil will remain high and fluctuate at present.