Analysis and forecast of steel product market supply and demand in the near future

Recently, due to the long-term low supply and the shortage of market specifications in some extent, prompting enterprises to temporarily resume production, so the overall output increased.

The month-on-month decline in inventories continued to narrow, mainly due to the fact that the futures and spot markets fell again after a slight repair last week, market confidence was frustrated, speculative purchasing sentiment was poor, and low-price shipments were also slightly poor, so the overall decline continued to narrow.

At present, domestic demand and export demand is still in the off-season performance, the spread of pessimism in the market, superimposed temporarily no good news release, the overall spot performance is expected to maintain a low bottom next week and weak shock.