The demand in the domestic flange market will only decrease but not rise in the short term

Dec 30, 2020

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At present, the overall domestic market resources are relatively small. On the one hand, merchants do not plan to increase inventory based on the current weak market sales; on the other hand, some steel mills have reduced production and the supply of goods is not timely in the near future; some markets may still be out of stock in the short term . Demand is the current problem facing the market, but the market remains insensitive to other regulatory policies, and the weak supply and demand of flange prices may continue for some time. Related institutional analysts said that the demand for the domestic flange market "will only decrease but will not rise" in the short term, and businesses have basically accepted the current light market. Even if the steel mills use their brains to attract orders; some merchants will sell their prices as soon as possible, but this will not have much impact on the overall market. There is no hope for the domestic steel market to rise, but the possibility of a deep decline is unlikely. It is currently a process of "fluctuation and bottoming". The market price of flange prices still maintains a narrow fluctuation pattern.