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Steel price forecast in February
Source:      Author:BAOJING     Published:2021/2/22 12:01:33     Views:

    Although the recent steel inventory, but the market sentiment is OK, mainly based on good expectations of the demand season and the cost of support.
    In the short term, affected by the seasonal off-season, the downstream demand weakened more obviously, steel prices will also be under pressure to run.
    In February, the overall steel market was obviously "low supply and demand reduction, rapid rise in inventory" state, the market in the middle of the resource supply reduction, the demand basically stopped, steel inventory rose rapidly;
    Resource supply recovered quickly in the second half of the year, and demand gradually increased. Steel inventory rose at a slower pace, but it was still in the rising stage. The market was gradually transitioning from half-break to normal trading state.
    Early traders locked price winter storage and end users in the market is difficult to have a significant transaction, but in the term and present hedging operation and the support of sufficient funds.
Steel prices are expected to be stable in February or a strong or empty price situation.

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