On December 8, the domestic steel market continued to rise slightly. The shortage of resources and the upward adjustment of steel prices have caused the market to continue to rise. However, there are big differences in the market. Some merchants believe that with the rise of costs in the later period, market prices will continue to rise. Some businesses also believe that in the absence of transaction support, the market is unlikely to continue to rise. On December 8, the Myspic Composite Index was 166.1 points, up 0.4% from the previous day.

On December 8, the flat product index was 142.8 points, up 0.1% from the previous day. The plate index rose by 0.2%, while the remaining varieties all held a steady state trend, and their gains weakened. In the plate market, Wuhan Market and Xi'an Market have gained relatively large gains. The market in Wuhan was slightly higher due to the impact of rising prices in markets such as Handan and Tianjin. The transaction was slightly light. The current market inventory pressure is not large, but the market's wait-and-see mood has aggravated the concerns of the merchants for late shipment status. However, the current market decline has not been large, and the merchants are reluctant to cut prices for shipments. The market is mainly to follow up. The overall quotation for the plate in Xi’an market has once again increased, and the market’s bullish sentiment remains. As prices continue to rise, the prices of the mainstream resources in the market tend to be uniform, and the market's downside is very limited. At present, the major business inventories are relatively low, and at a time when the prices in the mainstream market are generally rising, the business mentality is generally good and the market is still bullish on the short-term market. On December 8, the medium-thickness 20mm in the Wuhan market and Xi’an market both increased by RMB 30/t over the previous trading day. The rest of the market is relatively stable. Due to the continuous rise in the previous period, the price has been at a high level. At present, the market generally reflects that there is basically no actual transaction at present, and businesses are worried that excessively high prices will have a negative impact on the market. Therefore, the quotation is mainly stable, and small businesses continue to rise. The current market, whether from the perspective of supply and demand or financial market performance, is relatively strong support, and because the current market inflation expectations are strong, the market is very limited space for decline, quotes are very strong.

On December 8, the long products index was 190.8 points, up 0.6% from the previous day. On the 8th, the price of steel products fell weakly. On the 8th, the 1105 took a total of 4712, or 0.67%. In the spot market, local markets continued to increase, with the Guangzhou market and the Chongqing market rising the most. The turnover of the Guangzhou market was still good on one trading day, and the local steel mills raised the factory prices again. The continuous increase of the steel mills drove the market's rising enthusiasm. The market regained its replenishment before the close of the previous trading day and continued to increase on the 8th. The increase was huge. At present, the market demand is generally better, and only some of the higher-priced merchants have poor transactions. However, the current business is bullish and has a good market atmosphere. The market in Chongqing was pulled up by steel mills and peripheral markets. Businessmen continued to increase prices on the 8th. At present, the shortage of resources in the Chongqing market is more obvious, and wire resources are particularly tight. The market takes into account the impact of tight supply in the later period and rising raw material prices. The bullish outlook is still strong and the mentality is good. On December 8, the HRB335 20mm thread in the Guangzhou market and Chongqing market rose by 70 yuan/ton and 30 yuan/ton respectively compared with the previous trading day. The 6.5mm high growth rate in Chongqing market is huge, rising by RMB 90/t.

Regionally, the South China Regional Index and the Southwest China Regional Index all led gains with a 0.8% increase. Mainly due to the large increase in the long product varieties in the Guangzhou market and the Chongqing market, which drove up the regional index.