Large-scale price increases in steel mills, short-term steel prices may be strong
Date: 2022-03-03
Large-scale price increases in steel mills, short-term steel prices may be strong
On March 2, the domestic steel market rose, and the ex-factory price of Tangshan billets rose 30 to 4,630 yuan/ton. This week, the transaction volume rebounded significantly, and speculative demand increased.
On the 2nd, the main force of the future snail fluctuated and rose, and the closing price was 4860, up 1.76%. DIF and DEA overlapped. The RSI three-line indicator was located at 56-64, running between the middle rail and the upper rail of the Bollinger Band.
In the short term, under the influence of factors such as recovery of domestic demand, rising costs and tensions between Russia and Ukraine, steel prices will strengthen. However, speculative speculation has been on the rise recently, and we should be alert to the risk of large fluctuations caused by this. At the same time, under the background of “double control” of production capacity and output in the steel industry this year, more emphasis is placed on the dynamic adaptation of supply and demand, and the situation of supply and demand mismatch will not appear for a long time. In short, the price of steel should not be overly bullish, and the late stage or shock is too strong.
Post time: Mar-03-2022
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