Futures steel fell, speculation cooled, steel prices may fluctuate weakly

Futures steel fell, speculation cooled, steel prices may fluctuate weakly On March 8, most of the domestic steel market prices fell, and the ex-factory price of Tangshan common billet fell by 20 to 4,790 yuan/ton. Today, the black futures market fell from a high level, the spot market price adjusted accordingly, and the transaction volume shrank. On the 8th, black futures ran in shock. The closing price of the main contract of the futures snail was 4956, down 1.16%, the DEA moved up and moved closer to the DIF, the RSI third-line indicator was at 57-59, and the Yanbolin belt was running on the rail. Due to the recent rise in international commodity prices and the recovery of domestic demand during the start-up season, the black commodity market has a strong bullish sentiment, but there is also some speculation, and steel prices rose sharply at the beginning of the week. Today, the black futures fell from a high level, and the market sentiment was more cautious. Some longs took profits and cashed in, and the steel price entered a shock adjustment after rising too fast. Post time: Mar-09-2022