Merchants reported stable shipments. However, snails have been hit hard in this issue, and the decline is relatively large. The looper flange market has a pessimistic outlook on the market, and the shipments are gradually increasing. According to statistics, key steel companies produced 1.635 million tons of crude steel per day in the first half of November, which was down 30,000 tons from the previous month. A decrease of 1.82%; at the end of the first ten days, the steel inventory of key enterprises was 13.998 million tons, a decrease of 145,000 tons from the previous ten days, a decrease of 1.03%. The inventory and production of loose flanges decreased. However, the downstream demand in the off-season gradually weakened, and the risk of the market price decline in the later period increased. Local demand is limited, and traders are more cautious in purchasing when prices continue to fall. In order to compete for limited market demand, they still use volume as their main operating method. Third, in terms of the external market, the Wuhan cold rolling market has many low-priced resources, flooding the local market. In order to prevent its resources from flowing into the local market, the price has been reduced in desperation. Fourth, the market situation of the looper flange continues to not improve, and the looper flange traders have no plans to continue to make steel products and have closed their doors. To a certain extent, traders' confidence has been hit, their mentality is more pessimistic, and they are not optimistic about the expected price of the cold rolling market. Fortunately, the delivery speed of steel mills is average, the pressure on resource supply is less, and in the early stage, the merchants intend to reduce the inventory, and the inventory pressure of the loop flange merchants is not very large. In summary, it is expected that in the short term, the local cold-rolled market prices may be dominated by weak consolidation.