On January 4, the domestic steel market prices were weak, and the price of Tangshan Pu’s billet rose 20 yuan to 4260 yuan/ton. Black futures performed strongly, driving up the spot price, and the market saw a slight rebound in transactions throughout the day.

On the 4th, the black futures all rose. The main force of the snails closed at 4395, up 2.19% from the previous trading day. DIF was operating below DEA, RSI three-line indicator was at 52-54, and the Yanblin belt mid-track line was running.

On the whole, the current market fundamentals are weak. With the approach of the new year, downstream construction sites have gradually reduced and terminal demand has decreased. However, the winter storage policy is not very attractive to merchants. There are still many uncertain factors for the demand in the first quarter of next year, and the market has a strong wait-and-see sentiment. It is expected that on the 5th, domestic steel products will continue to run at a weak trend.