Weekly Survey Of National Industrial Wire Trading Volume

Weekly Survey Of National Industrial Wire Trading Volume

This week’s transactions

In terms of varieties: Compared with the previous trading week, the transaction volume of this week has increased in cold heading steel, wire drawing, and hard wire, while cold heading has decreased. The total transaction of cold heading steel was 12,900 tons, an increase of 4.10% from the previous month; the total transaction of hard wire was 13,400 tons, an increase of 10.56% from the previous month; the total transaction of wire drawing was 85,800 tons, an increase of 14.59% from the previous month.

From a regional perspective: East China, North China, and South China have increased transactions. The total transaction volume in South China was 30,000 tons, an increase of 9,000 tons compared with the previous trading week; the total transaction volume in East China was 50,900 tons, an increase of 10,900 tons compared with the previous trading week; the total transaction volume in North China was 30,000 tons, This is a decrease of 15 thousand tons from the previous trading week.

Forecast next week

On the whole, this week’s market price volatility was weak. The downstream was basically on-demand procurement, and inventory declined slightly. The current cost is relatively high, and the market is mainly cautious. It is expected that the short-term industrial wire prices will remain volatile and weak.