Material S355J2 price fell 100 yuan/ton in two days, which reveal the contradiction between supply a

Last weekend, material S355J2 prices fell wildly, with a one-day drop of 100 yuan/ton on Saturday, and some steel products fell by nearly 200 yuan/ton.

The reasons for this round of material S355J2 price crazy fall are: first, the real impact of the policy of limiting production has slowed down, the off-season effect has dominated the driving force, the contradiction between supply and demand has become prominent, and the material S355J2 price has declined. Second is the market mentality pessimism intensifies, steel factory traders empty empty list, few without disk. Third, the current price gap is large, the fundamentals are difficult to support the futures upstream, the pressure of repairing the base difference is large, and the spot decline is repaired in the short term.

For this round of material S355J2 price decline, panic among some market operators intensified. Industry insiders believe that with the material S355J2 price decline, the demand for empty warehouse replenishment and the consolidation of the basis after short-term repairs, the price is not likely to fall sharply. The 20 yuan/ton increase in billet this morning also boosted the short-term market.