Steel mills continue to raise prices, steel prices should not chase high
Date: 2022-03-30
Steel mills continue to raise prices, steel prices should not chase high
On March 29, the price increase in the domestic steel market narrowed, and the ex-factory price of Tangshan ordinary billet was stable at 4,830 yuan/ton. Today, the trend of finished materials and raw materials in the black series is different, and the spot market prices are mostly rising, but the trading volume is declining.
On the 29th, the trend of black futures diverged. The closing price of the main contract of the futures snail was 5012, up 0.26%, the DEA moved closer to the DIF, the RSI third-line indicator was at 65-72, and the Yanbolin belt was running on the rail.
The spot market price of steel continued to rise on the 28th with the market rising and the transaction volume being good. However, due to the disruption of the epidemic, both upstream and downstream production demand were restricted. Although the weather is getting warmer and the lockdowns in Shandong, Guangdong and other places are unsealed, the overall construction progress of construction sites across the country is expected to speed up, but the control in Northeast China, Jiangsu, Shanghai and other places has led to unstable demand performance. It is expected that short-term steel prices may be adjusted within a narrow range.
Post time: Mar-30-2022
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