Foshan market dynamics

This morning, the spot market was obviously affected by the superimposed inventory pressure on the futures disk, and the market mentality was pessimistic. The 304 cold rolled from 19800-20000 base to the later 19600-19700 base, and some went directly to 19500 base. The opening of Qingshan did not boost the market. , the spot is still in the endless decline, and the 304 hot-rolled is also reduced by 100-200, the overall market atmosphere is chaotic, and some panic. By noon, the price of Dingxin 304 narrowband excluding tax was as low as 17250. In 201, hot rolling was mostly down 100-200 by the opening of Tsingshan, while cold rolling was down 50-100 with the market.