Looking back on February, due to the impact of the Spring Festival holiday and sudden public health and safety incidents, the market price of Zhengzhou hot-rolled steel coils dropped significantly. As of February 28, the mainstream price of Zhengzhou coils was 3440 RMB/ ton, which was 390 RMB / ton lower than before the Spring Festival. Looking forward to March, as the market logistics and transportation, merchants and downstream companies resume work, the market transactions are gradually becoming active. Will Zhengzhou's coil prices continue to be shrouded in a pessimistic atmosphere of price declines or will it be able to sweep up the haze and run upwards, then see the author from The following aspects are briefly analyzed.
From the perspective of prices, as of February 28, the mainstream price of coils in Zhengzhou market was about 3440 yuan / ton, which was 390 yuan / ton lower than that before the Spring Festival, a decrease of 10.2%, and a year-on-year decrease of 11.4%. Significant declines, in February Anyang coil fell 370 yuan / ton, Handan coil fell 340 yuan / ton. As can be seen from the figure, after the Spring Festival, the Zhengzhou market lags behind the surrounding market slightly, resulting in a widening of the price difference with the surrounding area. However, as market players and downstream companies resume work, the price difference returns to the normal range.
In summary,Zhengzhou hot rolled coil market price may be weak in March.
