Steel prices continue to run strongly
Date: 2022-04-07
Steel prices continue to run strongly
On April 6, the price increase in the domestic steel market narrowed, and the ex-factory price of Tangshan common billet rose 20 to 4,880 yuan/ton. On the first day after the holiday, with the strength of the futures market, the spot market price followed suit, the market trading atmosphere was good, and the transaction volume was heavy.
On the 6th, the trend of black futures diverged. The closing price of the main contract of the futures snail was 5121, up 0.23%, the DEA moved closer to the DIF, and the RSI three-line indicator was located at 60-72, running towards the upper track of the Bollinger Band.
The new crown epidemic is still ongoing, and domestic sporadic epidemics also occur from time to time. Considering that April is still in the peak season for construction, and it is expected that once the epidemic is effectively controlled, demand will further improve. At the same time, due to the high prices of raw materials and fuels, long-process steel mills are generally marginally profitable, while short-process steel mills lose money and reduce production. Due to the lack of pressure on the fundamentals of supply and demand in the steel market, and under the good mentality of the market outlook, the short-term steel price may fluctuate strongly.
Post time: Apr-07-2022
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