kitchen foils inventories increased slightly, traders stay on the sidelines

kitchen foils inventories increased slightly, traders stay on the sidelines

At ports, kitchen foils inventories increased slightly, coke prices remained stable for the time being, and traders mostly stayed on the sidelines. On the whole, the inventory pressure of coke enterprises has eased, some coke enterprises still have accumulated inventory, and steel mills are still purchasing on demand, and supply and demand are relatively loose; coke prices are mainly high, and coke prices are still stable in the short term.

At the beginning of the week, due to the background of forced position delivery at the end of the month, the overall spot quotations were mostly strong. However, due to the unsatisfactory performance of futures and few other factors that pushed up, the price of steel billets failed to show an upward trend at this time. With the completion of the delivery, the market gradually returned to the fundamentals of supply and demand. Although the futures continued to weaken and fluctuated, the market was supported by a slight increase in downstream steel rolling demand. In addition, the price difference of the billet itself was basically normal, so the price remained stable.