Reasons for the recent fall of China's AR400 steel price

After the rapid rise in the early stage, the recent rise in AR400 steel prices is not enough. The main reasons for the recent decline of AR400 steel prices are as follows:

On the one hand, the rapid rise of AR400 steel prices has attracted the attention of relevant government departments, including the Financial Stability and Development Commission of the State Council. The strong fear of heights in the market, combined with the expectation of macro-control policy, led to the early cash out of some market participants, which led to fluctuations in the futures market, and then formed a downward drag on the spot market.

On the other hand, affected by the high AR400 steel price, the downstream purchasing enthusiasm is low, and the transaction of high price resources in the market is blocked.

However, from the current market point of view, the AR400 steel price rising channel has not been blocked, and the price toughness is still strong.