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Hot rolled HX220YD+ZF steel supply has rebounded, inventory decline has slowed down, and market prices are expected to decline
This week, market inventory continued to decline, and the resilience of market consumption was moderate, indicating low pressure. The domestic HX220YD+ZF steel market demand continues to maintain, and the situation of catching up with work at the end of the year continues. This part of consumption is expected to have some room to fall back in December. In the later stage of supply, there will be a rebound trend, and the overall profit of the HX220YD+ZF steel plant will ease, and production may return to a relatively high level. In the later stage, short-term profit realization will cause some pressure on the market, but relatively strong inflation expectations will continue to push up macro expectations. Therefore, from the perspective of rhythm trend, it is expected that there will be a slight correction trend next week.
