Long and short duel, the steel market may continue to be bearish

This week’s opening quotations fell, traders were quite divided, and some continued to be bullish. However, the spot market transactions were not good, and the market panic still accounted for most of them. As the policy continues to improve, but from the perspective of market reaction, the current impact is moderate, and the market players are still in the supply and demand structure. Although there has been a certain reduction in production on the supply side, the reduction in production is moderate and cannot offset the sluggish demand point.
Today’s domestic black futures prices have been falling all the way, especially in the afternoon, the decline has increased, and the negative sentiment is negative, the spot price is compensating for the decline, and the transaction is poor.
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Up to now, the production rhythm of the domestic supply side has not been significantly adjusted. Although the coke price has increased, the profit of the steel mill has not changed significantly, and the production rhythm of the steel mill has not been affected for the time being.
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In general, the current supply and demand structure is the focus of the market, the demand side is starting but not as expected, and the market is willing to save the market but it is difficult to change its direction. At present, the risk of speculation is increasing, and the thinking is still bearish. At present, if there is no obvious improvement in the demand side, it will continue to be bearish.
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