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How should the price of ASTM A514 welded structure steel go this week

Last week, the ASTM A514 welded structure steel market showed a rising trend. How should the price of ASTM A514 welded structure steel go this week?

The ASTM A514 welded structure steel market showed a rising trend last week. First, the "7.30" Political Bureau meeting gave positive guidance for the work in the second half of the year, and we should adhere to the general keynote of "six guarantees" and "six stabilities", and the economy is bound to continue to recover; the second is that most ASTM A514 welded structure steel mills issued price increase policies in early August, which is conducive to boosting market confidence; third, the actual demand for ASTM A514 welded structure steel rebounded last week, and speculative demand was also more active, ASTM A514 welded structure steel inventory stopped rising and fell.

Last week, the transaction of ASTM A514 welded structure steel showed an overall trend of high before and low after. The main reason is still that the current market terminal demand has not significantly recovered, and the speculative demand is greatly affected by the futures, and the demand persistence is weak. For this week, although the social library changed from increase to decrease last week, the decline was weak. In addition, after ASTM A514 welded structure steel price rose rapidly, some speculative demand chose to reduce the position of profit, which is not clear in the current actual demand. Under the background that the inventory pressure is still larger than before, it puts more pressure on the demand digestion.

This week, ASTM A514 welded structure steel prices are expected to decline in China.