Futures steel fell and rose again, how strong is this wave of market expectations?

In the near future, the market has actually recovered to a certain extent, but the current trading atmosphere is relatively light, which seems a bit deserted as a whole. As for the idea of winter storage, most merchants have indicated that they will continue to wait for the specific situation before making a decision, but obviously the willingness of winter storage is not very strong, but the current merchants’ spot inventory is not large. Shock. So how will the steel price go tomorrow?
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1. The Central Bank’s Third Quarter 2022 China Monetary Policy Implementation Report
2. All parties continue to make efforts to ensure energy supply, and coal transportation difficulties have eased
(If you want to know more about the industry news on corrugated roofing steel sheet, you can contact us at any time)
3. Start heavy pollution level II emergency response in many places
Yesterday’s futures fluctuated, the spot price was mainly stable, some fell slightly, the market transaction was normal, and the merchants’ mentality was acceptable. At this stage, steel mills are reducing production and supply, market resources are relatively short, some specifications are out of stock, and seasonal demand is weakened. However, considering that the current inventory is low, and the strong trend of raw materials has strong support for the spot, it is expected that the steel price will be stable tomorrow. The middle one is mainly up, with a range of 10-30.
(If you want to get the price of specific steel products, such as 0.45mm roofing steel sheet, you can contact us for quotation at any time)