5/6 Market Update: Post-Labor Day Observations and Trends

As we concluded the Labor Day holiday and resumed business on May 6th, I would like to provide you with a brief overview of the market dynamics observed.

Following the holiday, there was a noticeable decrease in market transactions. The supply resources remained stable, and we anticipate a slight accumulation in inventory levels this week. The market sentiment is currently cautious, with a modest increase in costs providing support to price levels.

On a positive note, macroeconomic benefits within China are gradually unfolding. An upward trend in real estate stocks has contributed to a surge in sentiment for futures commodities. We expect the price of 304 cold-rolled spot goods to experience fluctuations in the short term. We will closely monitor transaction volumes and inventory turnover.