Looking at the effect of bulk commodity price regulation from changes in steel prices_Company News_ANYANG YITONG METALLURGY REFRACTORY CO., LTD.

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Looking at the effect of bulk commodity price regulation from changes in steel prices

　Date：2021/6/3 11:07:39

With the announcement of the supervisory authority and the introduction of measures, the steel market style began to switch, the hot market stopped, and the market entered a cooling stage.

　　 On May 20, the price of various types of steel in the national steel market dropped by more than 10%.

　　 In the third week of May, domestic hot-rolled coil prices fell by 80-350 yuan/ton; in just 6 days, rebar futures prices fell by 1,200 yuan.

　　 The market survey found that the major steel traders in Shanghai, faced with the situation that steel products have plummeted by RMB 500/ton a day, everyone is busy shipping and making profits.

Li Xinchuang, chief engineer of the Metallurgical Industry Planning and Research Institute, said in an interview with the media that in the future, with the slowdown of the macroeconomic pull of the economy, the market demand side will return to reasonable, as the domestic and foreign price gaps gradually shrink, the export tax rebate adjustment policy will gradually be brought into play. As a result, domestic supply will increase, and steel prices will gradually return to a reasonable range.

　　 It is an indisputable fact that commodity prices have fallen. The stock market speculation can stop.

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