CAMELSTEEL share the market news of december 16. Although the coat-painting market becomes weak, the quote of galvanization is still firm. There are 3 causes of it.
Firstly, Baosteel launched the panel price policy of January. And the price of hot galvanization rise to 350 RMB/t, which boost the market confidence. Yesterday, Wuhan Iron and Steel Group bided the galvanization’s factory price (excluding tax) as 500 RMB/t in January. And the cost will rise at that time.
Secondly, most suppliers don’t have the inventory pressure, and some suppliers still have the reluctant sellers mentality.
Thirdly, the market shows a positive trend, and the price can not decline with the influence of this mentality. Besides, 7 cities in Hebei, including Shijaizhuang and Handan, will perform “the level II emergency response for the control of air pollution” from 13th December to 21st December. And the enterprise will emiss 30% reduction. What’s more, the price in many main areas has reached 5000. Although the cost-hike promote the market to be active, the profile is not very great. The market remains high up.
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