On December 14, the domestic steel market was on the strong side, and the ex-factory price of Tangshanpu’s billet was stable at RMB 4330/ton. Today, the black futures market generally opened higher and fluctuated, and merchants continued to rise slightly, but speculative demand faded, and the overall transaction volume of the steel market declined.

On the 14th, the growth of black futures slowed down. The main force of the snails opened and oscillated. The closing price of 4382 rose by 0.83%. DIF and DEA rose. The RSI third-line indicator was located at 49-60, running between the middle and upper tracks of the Bollinger Band.

On the 14th, 3 steel mills raised the ex-factory price of construction steel by 40-50 yuan/ton, and 2 steel mills lowered the ex-factory price by 30 yuan/ton.

On Monday, the trading volume of building materials was 221,100 tons, an increase of 24.9% from the previous trading day, mainly due to the strong rise of black futures that day and active speculative demand. On Tuesday, the trading volume of building materials fell to 160,600 tons, and downstream terminals were still purchasing on demand, showing a cautious wait-and-see mood.

Despite the recent loose margins of housing loans, it will take time to spread to the market. In the short term, the real estate market may not be able to reverse the decline. Coupled with factors such as the continued cooling of the weather and the game between upstream and downstream winter storage, the actual demand for winter steel will also weaken. At the same time, iron ore port stocks are kept in stock, Shanxi and other places have stabilized coal prices to protect coal sources, and the prices of raw materials and fuels do not have the conditions to rise sharply. The long-short market game is fierce, and the steel price may fluctuate in the later stage, with both ups and downs.