Futures steel rose strongly, and steel prices fluctuated strongly in the starting season
Date: 2022-03-01
Futures steel rose strongly, and steel prices fluctuated strongly in the starting season
On February 28, the domestic steel market mostly rose, and the ex-factory price of Tangshan common billet was stable at 4,550 yuan/ton. With the warmer weather, downstream terminal and speculative demand have improved. Today, the black futures market generally rose, and some merchants followed the trend, but the performance of various varieties and regions was differentiated.
First of all, entering the traditional start-up season, the supply and demand of the steel market continued to pick up, but in the context of curbing speculation and speculation, the market remained cautious.
Secondly, steel mills are gradually resuming production, and there is a need for replenishment of raw fuels. In addition, the electric furnace factory is on the verge of profit and loss, and the cost is supported to a certain extent. However, the mainstream medium and high-quality iron ore inventory resources at the port are still sufficient, while the coke enterprise inventory is running at a low level, and the performance of raw and fuel prices may be differentiated.
In addition, the situation in Russia and Ukraine has disturbed the international commodity market and also increased market uncertainty. It is understood that some local downstream manufacturers in Europe have withdrawn the original steel orders from Russia and Ukraine, and said that the price of local steel in Europe has risen.
In short, due to the interweaving of long and short positions in the steel market, the situation is complex and changeable, and short-term steel prices may follow the fluctuations of the futures market.
Post time: Mar-01-2022
English
Español
русский язык
Português
