Core Insights - In September, the spot price of wire rods experienced a slight decline, with the average price of HPB300 high line in the Jiangsu, Zhejiang, and Shanghai regions at 3357.5 yuan/ton, down 0.59% from the beginning of the month [1] - The futures market shows a closing price of 3420.00 yuan/ton for the main wire rod futures contract on October 10, reflecting a 3.01% increase [2] - Steel inventory among key steel enterprises was reported at 14.67 million tons by late September, a decrease of 620,000 tons or 4.1% from the previous period [3] Price Trends - The average market price for HPB300 wire rods from Zhongtian and Yonggang in Hangzhou and Shanghai is around 3400-3410 yuan/ton [2] - The futures market indicates fluctuations with a daily trading volume of 446 contracts, showing a range between 3344.00 yuan/ton and 3435.00 yuan/ton [2] Market Analysis - According to Hualian Futures research, the inventory reduction during the peak season is slow, and market expectations for demand improvement remain weak, leading to significant supply-demand pressure post-holiday [4] - Despite the pressure, there is a strong cost support for steel prices and policy expectations that may provide a floor for prices, suggesting continued volatility in the market [4]
节后供需压力偏大 预计线材现货价格延续承压震荡
Jin Tou Wang·2025-10-11 09:15