SPCC cold rolled coil market price July 28 in China

Tianjin: Today(July 28, 2020) cold-rolled coil market prices are operating steadily, with poor market transactions. According to feedback from traders, the trend of electronic futures is weak. Today, Tianjin Cold Rolling coil SPCC steel has a transaction volume of around 600. There is no shortage of cold-rolled resources in the market. On the whole, it is expected that the price of Tianjin cold rolling will weaken slightly in the short term.
 
Shanghai: SPCC cold-rolled coil market prices are temporarily stable, and market transactions are weak. Market high transactions have weakened. Although Shanghai's hot and cold spreads have been at a low level, from the perspective of the fundamentals of cold-rolled varieties themselves, there is no significant increase in inventory, and the acceptance of high-level transactions is slow. Overall, cold rolled prices are expected to continue to consolidate at a high level.
 
on July 28, the quotations of SPCC cold-rolled coils in China cold-rolling market were basically stable, and market transactions were weak. According to feedback from traders: the trend of electronic futures is weak, market quotations are basically stable, and downstream customers' acceptance of current high-priced resources is biased. Affected by the high temperature weather in the southwest region, some downstream customers have begun to take high temperature holidays one after another, and the overall domestic demand for cold rolling is relatively weak. Overall, the market price of cold rolled coils is expected to consolidate on July 29.