Although the demand for kitchen foils has rebounded sharply, the actual demand performance is still not optimistic

Although the demand for kitchen foils has rebounded sharply, the actual demand performance is still not optimistic

There is no obvious loosening of production restrictions, and the supply of finished products continues to be suppressed; although the demand for kitchen foils has rebounded sharply this week, the main reason may be that the resources in transit are not reflected in the inventory side, and the actual demand performance is still not optimistic; the accumulation of steel factory warehouses has been suspended, and the total inventory continues to deplete ; The loosening of the real estate financing policy and the expectation of loose monetary policy, the long-term steel demand is expected to improve and support the disk to continue to rebound, but the current middle and lower reaches are less accepting of high prices. Under the condition that the actual demand remains sluggish, steel prices rebounded. Not enough power.

The resumption of production of steel mills is less than expected, and iron ore demand continues to be under pressure. Under the condition of relatively stable supply, the continuous accumulation of port inventories has reached a high level in recent years; steel mills maintain ultra-low inventories, but the available days of inventory are high, and the demand for replenishment has not been released yet. ; The profit of steel mills has rebounded due to the limited production, and the price difference between high and low products will expand again; the expectation of resumption of production has failed, and under the accumulation of inventory, the disk rebounded to a flat level or even a premium, and the upper pressure level may be at 640-650.