Steel price continues to fall! Pay attention to the reduction of crude steel pressure and overnight the Federal Reserve interest rate hike

Today, the price of the steel market has weakened, and the price focus is further moved down. The overall market is weak, and the transaction status is average.
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The current market is on a strong and weak channel switch, the market continues to call back, the two markets of futures and stocks are running weakly, and the spot rhythm is still slower than futures. At present, the market differences are relatively large, which is optimistic about the market outlook and the view that it is currently building a bear market. In a short period of time, the current atmosphere is average. It continues to accumulate with the multi -shipment of black futures, the main relocation of the position, and the contradiction between the supply and demand of the spot. In addition, the risk of overseas is greater.
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From the perspective of the driver, the core of the problem is not the fundamental aspect, the output and demand have not been topped, but the growth rate of output is also slowing down, the demand is strong, and the infrastructure is further accelerated in the south. The sales indicators should be better than market expectations. In this case, there are not much problems with contradictions and mismatches of supply and demand. The inventory still maintains a good destination state, and does not reflect the contradictions of supply and demand. On the market is the macro -funded positioning and departure. In addition, the raw materials are already in a stagnation period. The raw materials can no longer be pushed upward, which weakens the upward kinetic energy of the steel, and the normal adjustment is used to pass the overseas risk.
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From the perspective of overseas markets, Credit Suisse was continued to ferment by the 40 % off acquisition of UBS. Creditzer plunged more than 50%! At 17.2 billion US dollars AT1 bonds “zero overnight”, 9.9%of the shares held by the State Bank of Saudi, the largest shareholder of Switzerland, directly shrinking, losing about 1 billion US dollars. Although the European and American banks have limited impact impact, the pain period has not passed, and the Federal Reserve ’s interest rate hike impact will still be paid attention to, and international crude oil and industrial products have not yet rebounded, which at least shows that it has not returned to the strong operation. The current market is important in the stage of risk prevention, and it is not advisable to continue to add leverage to continue to expand.
From the current point of view, the market’s neat is mainly caused by the commonality of the market, and it is not the problems of steel for steel itself, inventory and other issues. On the one hand, in the overseas macro and community, on the other hand in iron ore. Today, steel has fallen, and some markets still have receiving performance. If there is no hedge tool, there is still certain risks in one side, and the spot inventory level needs to be controlled.