Sinosteel
The market starts to rise today as promised The pressure around 3745 has been consolidated for nearly a whole day, and several attacks have failed to occupy the territory. As of closing Screw thread steel 3736, 7476 positions were reduced throughout the day, with a turnover of 1.65 million, lower than the daily turnover of 2 million the day before yesterday.
From the current situation, thread The 3750 probability of continuing to break through and stand firm in the short term is decreasing. In the small cycle level of 2, 3, 5, and 10 minutes, the top deviation signs begin to appear, which means that if the price continues to rise above 3750, it is likely that because of the deviation, the market will return to the shock range, and the 15 minute level is also on the way of deviation. If the market continues to fluctuate, the 15 minute deviation will also be formed, It will be more and more disadvantageous for the 3750 uprush in this round.
iron ore The trend is somewhat similar to that of thread, and small level deviation from the market has begun to appear. It has also gone up 900 several times without success. The market has always been in a volatile range, and no fundamental change has taken place. As of the closing, iron ore rose 9.5 yuan, its position decreased 11000, and its trading volume was 333000 pieces, 70000 pieces more than yesterday.
The reduction of positions at key nodes in the market indicates that the market is still in great divergence in the trend of this position, and it is difficult to win the battle at key points without joint efforts. The importance of this position has been analyzed many times before, and it is almost the key point to determine the future direction. However, in terms of funds, it is still cautious at present.
coke The first round of raising and lowering has come again. Some steel mills in Xingtai, Tianjin and Shijiazhuang will reduce the wet quenching coke by 100 yuan/ton and dry quenching coke by 110 yuan/ton, which will be implemented at zero point on May 21, 2024.
This increase and decrease corresponds to the change of coke from The decline from 2428 to 2157 is mainly aimed at the spot market, which has been reflected in the market, and has little impact on the market in the near future. After all, the market is expected to respond, and the probability of coke maintaining a strong shock in the near future is greater.
today goods in stock The market price is basically stable, the shipment has not been very good, and it is more difficult to increase the price for shipment. From the spot market, traders are generally not optimistic about the future market. They think that the demand is not good now, and it is more difficult to ship when the price is rising.
Macro policy After all, the policy will have a substantial impact on the demand for thread, and it will not appear so quickly or in a short time.
At present, the focus of the policy is on the stock housing market. There are still many unknowns about how effective the stock housing market can be and whether it can really support the housing price. Even if it can really support the housing price, how many new markets will be built on the construction site, how many real estate enterprises will be able to quickly mount the new housing market, which is also an unknown number. How much new demand for steel prices is all unknown, Therefore, capital caution is also a matter of course.
Overall , the market is still at the stage of rising 3745, and the outcome is not clear in the short term. It is expected that this pattern will remain unchanged in the short term. If there are many times of rising without breaking, you should be very careful. If the price cannot rise, you can only go down this road...
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