On March 31, the domestic steel market mostly rose, and the ex-factory price of Tangshan common billet was stable at 4,830 yuan/ton. Today, the terminal demand is slightly released, the overall inquiries are good, the demand for speculation and futures has increased, the market mentality has improved, and the transaction throughout the day is better than the previous trading day.

On the 31st, the main force of the futures snails opened higher and fluctuated, and the closing price was 5061, up 1.65%. DIF and DEA both went up, and the RSI third-line indicator was located at 57-67, which was close to the upper track of the Bollinger Band.

At present, nine counties and cities in Tangshan have lifted the management of regional blockade control. The clustered epidemics in many places in China have dragged down the production and operation of the manufacturing and construction industries. In the short term, the demand for steel has been unstable, and the rise in steel prices is insufficient. Once the social “dynamic clearing” is achieved in various places, the demand for steel will be released retaliatory, the demand growth may be higher than the supply, the inventory will enter a stage of decline, and there may still be room for steel prices to rise.