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Steel futures hit a new high, spot prices rose!!

release time:

2020-11-09

Futurescontinuedtopullup,steelfutureshitanewhigh,andthevolumewasclosetothe4000mark.Snailsrose86tocloseat3859,issuevolumesrose65tocloseat3983,ironorerose28.5tocloseat817.5,cokerose90.5tocloseat2479,and

Futures continued to pull up, steel futures hit a new high, and the volume was close to the 4000 mark. Snails rose 86 to close at 3859, issue volumes rose 65 to close at 3983, iron ore rose 28.5 to close at 817.5, coke rose 90.5 to close at 2479, and coking coal rose 5 to close at 1311.
 
The spot price rose generally, with cumulative gains on Saturday and Sunday. 22 of the 24 markets for rebar rose 20-100. The average price of 20mmHRB400E was 4004 yuan/ton, an increase of 90 yuan/ton from the previous trading day.
 
22 of the 24 hot coil markets rose 20-100. The average price of 4.75 hot-rolled coils was 4,026 yuan/ton, an increase of 49 yuan/ton from the previous trading day.
 
20 of the 24 markets in the medium board rose 10-50, and the average price of 14-20mm common medium board was 3988 yuan/ton, an increase of 22 yuan/ton from the previous trading day.

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