The spot price of hot rolling rose slightly on the first day. The average price of 3921 yuan/ton in major cities across the country was 6 yuan higher than that of the 30th day, and 43 yuan higher than that of the previous week. Shanghai 3930-3950 yuan/ton was 50 yuan higher than that of the same period of last week when compared to 30 yuan/ton, while Lecong 3980-3990 yuan/ton was 10 yuan higher than that of the 30th day and 70 yuan/ton higher than that of last week. Tianjin 3840-3850 was 30 days higher than last week. On the 1st, the futures rose first and then fell. At the close of 3873, the futures rose by 11 yuan, or 0.28%. The bidding price of Yangang rose by 10% today. Rizhao steel spot price was stable. The billet rose 20 yuan to 3550 yuan today. This week, the hot rolling supply and demand increased. The weak reality continued but was obviously better than the thread performance, so the futures rebounded slightly in a narrow range. Short term prices will remain volatile.
