After the holiday, a good start “cut in half” and the game of steel strength intensifies

Although the futures market continued to usher in a “good start” after the holiday, the rally in the spot market generally narrowed, and there was no shortage of room for bargaining in some markets in the afternoon. Although intentionally bullish, there are still doubts about pulling up. Although the futures opened higher in the morning, but the volatility fell in the afternoon, which still caused panic in the spot market, which was not conducive to the increase in transaction volume.
Judging from the current market transaction sentiment, although the disk is on the rise, it is obvious that there are doubts about the continuity of demand, and the overall demand increase is not obvious. The Dragon Boat Festival holiday, whether it is pre-holiday stocking or post-holiday replenishment, has not reached the expected amount, and is still in a weak reality pattern.
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Although the futures disk intentionally pulled up, the continuous lightening up and rising also reflected the lack of disk. Although the policy side continues to exert force, it has not been effectively transmitted to the demand side, and it is still a back-and-forth game between strong expectations and weak reality.
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On the whole, although the good start after the holiday has been realized, the upward resistance has continued to increase, and the contradiction between the demand side has not been alleviated. As the price continues to rise, the impact of weak demand on the market will also begin to be released. In general, it is still cautiously optimistic. At present, the market is inclined to hype on news, and it is still inclined to continue to return to reality in the later stage.
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