ASTM A36 carbon steel coil price fluctuates at a high level

Yesterday, the average price of 4.75mm ASTM A36 carbon steel coil in 24 major cities in China rose 17 yuan/ton from the previous trading day. Yesterday, the spot market's early quotations rose sharply. After the rise, the market's high-level transactions were weak, and the low-level transactions were acceptable. At present, the momentum of futures rise is strong, and the early follow-up of the spot increase is weak. Most of them are cautious, but the short-term inventory pressure is not great. ASTM A36 carbon steel coil merchants sell mainly for the sake of stable shipments.

Recently, the supply of steel mills has increased by 60,000 tons, steel mill inventories have fallen by 33,600 tons, and social inventories have fallen by 71,800 tons. From the data perspective, the overall short-term is positive. On the whole, the price of ASTM A36 carbon steel coil is expected to fluctuate at a high level today.