Will the price of corten A hot rolled steel coil in China remain high and fluctuate tomorrow

Yesterday, the average price of corten A hot rolled steel coil in major cities in China rose slightly from the previous trading day. Today's black commodity futures rose and fell, closing up 0.82%. The spot market's early quotations rose slightly, and market transactions were fair. As the market rose in the afternoon, some corten A hot rolled steel coil merchants in the market had their quotations pulled up, but the high transactions were weak after the rise.

In addition, today steel mills' corten A hot rolled steel coil output increased slightly, the factory inventory dropped slightly, and the supply side remained high. Supported by high profits, steel mills had little willingness to reduce production; social inventories fell sharply, mainly due to the concentrated arrival of imported resources in the early period. Due to the impact, it is difficult to disperse. Recently, the water level has returned to normal and the terminal has stepped up shipping, and the accumulated corten A hot rolled steel coil inventory has dropped significantly. It is expected that the price of corten A hot rolled steel coil in China will remain high and fluctuate tomorrow.