Insufficient power for steel prices to rise
Date: 2022-03-31
Insufficient power for steel prices to rise
On March 30, the domestic steel market fell mainly, and the ex-factory price of Tangshan billet was stable at 4,830 yuan/ton. In terms of transaction, the overall shipment was not smooth in the morning, and the snails turned red in the late afternoon, and the transaction improved slightly.
On the 30th, the closing price of the main rebar contract was 5034, up 0.24%, DIF and DEA were parallel, and the RSI three-line indicator was at 63-77, running between the middle rail and the upper rail of the Bollinger Band.
Recently, the domestic epidemic situation is still severe and complicated, and the risk of epidemic import continues to increase, which also leads to fluctuations in the demand for steel during the traditional start-up season. At present, the market is still in a state of strong expectations and weak reality. It is expected that after the epidemic is effectively controlled, demand will rebound retaliatory, and the prices of raw materials and fuels will remain strong.
Post time: Mar-31-2022
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