Black is generally rising, steel mills have increased prices intensively, and steel prices are running strongly

Black is generally rising, steel mills have increased prices intensively, and steel prices are running strongly On January 12, the domestic steel market mainly rose, and the ex-factory price of Tangshan billets rose by 30 to 4,400 yuan/ton. Today, the futures rose sharply, the mood of the merchants improved, the market trading was active, and the enthusiasm for stocking increased. On the 12th, the closing price of the futures snail rose 2.32% to 4632, the DIF and DEA overlapped, and the RSI third-line indicator was located at 56-77, running between the middle and upper rails of the Bollinger Band. Black futures prices rose across the board today, pushing the steel spot market to follow suit. At the same time, the price of mainstream steel mills is rising, and the price of raw materials and fuels has risen, which also supports the price of steel. However, the stockpiling situation of the steel market before the holiday will not change, the demand will weaken further, and the supply will pick up. In the later stage, steel prices may not continue to strengthen, and the room for ups and downs is limited. Post time: Jan-13-2022