The wait-and-see mood of the large-diameter square tube spot market has increased, while the enthusiasm of site procurement has not improved. The shipments of large-diameter square tube spot merchants are less than expected. Under the pressure of capital and shipment, the reduction of shipment this week has become the main tone. However, considering the high cost and low inventory, the willingness of the merchants to sell is not strong, and the correction range is temporarily limited.
Although there is a large amount of reverse repurchase this week, it is still not enough to completely ease the liquidity tension. Recently, the central bank's open market operation has been generally stable but tight. Zhou Xiaochuan, the governor of the central bank, said that liquidity is generally abundant, and it will continue to implement a stable monetary policy without major adjustment, which means that the "tight monetary" environment is difficult to change. Moreover, next week is not the last trading day of this month. Due to the influence of month end factors, the fund tension in the large caliber square tube market is likely to be further aggravated.
Post time: Aug-16-2022
