Source: Steel mesh
Overnight, Lenni closed down 940 to US$20350/tonsuperpacman, the main contract for Shanghai nickel fell 4010 to 153730 yuan/ton, and the main contract for stainless futures rose 15 yuan 14640 yuan/ton. So far, Lenni Nickel is temporarily operating at around US$20150/ton, and the main contract for Shanghai Nickel has reached 15.superpacmanAbout.20,000 yuan/ton, the main contract for stainless steel futures in the previous period went to around 14650 yuan/ton.
It can be seen that the weather changed overnight again. Lennan nickel, Shanghai nickel and nickel fell sharply, and the stainless futures market also recovered the previous day's increase. Under such a pattern of sharp fluctuations in red and green, although the stainless market's sharp rise has temporarily stopped, it has not fallen sharply. Merchants from all parties have slowed down and wait. However, the discounts on actual orders have increased. Many merchants lamented that they could still open orders yesterday near the close of market. Unexpectedly, the price suddenly stopped today, and they lost fire in an instant.
In the morning, Xifo and Foshan learned that the mainstream of 304 private four-foot cold rolling resources was reported in the range of 13750-14050 for raw edges. In the East China market, shouts could be seen near 13800 for raw edges. The high and low prices were a bit chaotic. The low specifications were discounted to around 13750 for raw edges. The South China market hovered around 13800 for raw edges, and special specifications have also increased. In addition, the mainstream of 304 private five-foot hot rolled large plate resources, Xifo, maintained in the range of 13500-13600 for raw edges. The price of flat plate weighing and trimming in the East China market can be above 13800, while the entire volume in the South China market swings around 13500-13550. According to feedback from merchants, yesterday's order was successfully forced, but now the price can still be stabilized and wait and see. However, merchants who have placed urgent orders can only slap their thighs and sigh that the leeks were cut off.
In terms of 201, cold and hot rolling followed the 304 agitation yesterday, slightly following the high test, but the overall situation was still stable, with shipments mainly taking advantage of the momentum. At present, the main stream of J1 four-foot cold rolling resources is reported to be in the range of burrs 8600-8950, and the main stream of J2J5 resources is reported to be near burrs 8300-8350.
To summarize the above, the current period of late market near the end of the month is a new round of hot weather. In just a few hours, the volume and price have been shaken and they have returned to rationality. The mentality has changed for a short time, which may put greater pressure on subsequent real order purchases. Short-term rolling market or shipment is the main focus. Relatively high quotes can easily loosen and pull back, and all parties can only have flexibility and helplessness.
