On March 22, the price increase in the domestic steel market narrowed, and the ex-factory price of Tangshan ordinary billet was stable at 4,720 yuan/ton. Today, the black futures market fell in late trading, the market mentality was sluggish, and the transaction was blocked.

On the 22nd, black futures fell in late trading. The closing price of the main contract of the futures snail was 4918, down 0.16%. The DEA and DIF crossed. The RSI three-line indicator was located at 54-55, which was above the middle rail of the Bollinger Band and moved closer to the middle rail.

Today’s black futures fell in late trading, and the market’s mentality was frustrated. Coupled with the impact of the epidemic, the enthusiasm for short-term downstream terminal purchases was generally low. The overall steel market transaction was sluggish, and merchants mostly returned funds from shipments. At present, the market presents a situation of weak supply and demand, and short-term prices will fluctuate weakly.