Demand is expected to strengthen, and ferrous metals maintain their gains

After a brief entanglement on Friday night, the market continued to rise, and it formed a clear upward trend at the close. The spot market quotations rose over the weekend, and continued to rise on Monday. Judging from the trend of futures, the rising trend remains unchanged, the spot transaction is different from that after the rise, and some feedbacks are that the transaction is not good.
Although the real estate data continues to be pessimistic, the policy regulation on real estate continues. For the market, pessimism can be alleviated to a certain extent, and the spot market has been significantly boosted.
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In addition, manufacturing demand began to release. According to the market, the terminal demand has begun to increase recently, which has boosted the demand for hot coils. However, the overall demand acceleration is relatively general, and it remains to be seen later.
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In general, the implementation of the rescue plan for housing enterprises has formed a clear impetus to the market; although the performance of the manufacturing industry is still poor, with the easing of the epidemic in Shanghai, the market demand is expected to increase; coke demand is good, coke coke Enterprises have a strong willingness to increase. Although ore is purchased on demand, the resumption of production has strong support for raw materials, and prices are mostly high. In addition, from the perspective of rebar futures, after the shock and decline last week, it stabilized and rose, and continued to rise this week. Wait and see, it is expected to hit the front line of 4200, but also need to be alert to the suppression of risk appetite by overseas recession expectations, and still need to pay attention to the release of high-level risks in the later stage.
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