Domestic steel market prices are running weaker,steel prices beware of chasing risks
Date: 2022-06-19
Domestic steel market prices are running weaker,steel prices beware of chasing risks
On January 18, the price of domestic steel market weakened, and the ex-factory price of common billet in Tangshan remained stable at 4,360 yuan/ton. Black futures strengthened today, and the market sentiment improved slightly, but near the end of the year, the market volume fell.
On the 18th, black futures turned red across the board, and thermal coal futures rose 6.66%. Among them, the main force of the futures snail closed at 4599, up 0.26% from the previous trading day. DIF and DEA ran in parallel, and the RSI three-line indicator was located at 58-60, running towards the upper track of the Bollinger Band.
It is understood that because Mongolia unilaterally changed the isolation team, the Chagan Hada closed-loop team added 29 groups to 179 groups without notifying the Chinese side. In this regard, China has suspended nucleic acid testing of Mongolian drivers since the 18th. On the 19th, the Ganqimaodu port may suspend customs clearance. On the 20th, the nucleic acid test of all port personnel will be carried out and the Mongolian side will update the closed-loop fleet data to the Chinese side. After customs clearance or recovery , In recent days, it may have a certain degree of impact on the customs clearance of Mongolian coal at Ganqimaodu Port.
At present, the winter storage policy of steel mills has basically been implemented, and the price is higher than the general market expectation. Considering the great uncertainty of the market after the year, the merchants are more willing to take the initiative to go to the warehouse. However, from the market point of view, the terminal demand will gradually decrease and close to the market. It is expected that the national construction steel price will continue to show a consolidation operation on the 19th.
Post time: Jan-19-2022
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