Steel prices ends the shock, and it is expected to continue to rise in the short term

Today, the spot of Steel City is generally stable, and the futures fell first and then rose, fluctuating sharply. From the perspective of the spot market, the quotation of most varieties has not changed significantly.
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Why did the market fall and rise today? The rhythm changes are so fast. In the past two days of the market, there are still some concerns about the Fed’s expectations of interest rate hikes and the US dollar index rising, but mainly from the fundamental supply and demand changes from fundamentals. On the one hand, the output is quickly released. psychology. However, after the market reported that the LPR interest rate and some data were introduced in fundamentals, and the publication of car and house purchase consumption stimulus policies in various places, the market emotions improved, and funds actively increased their positions. From the surface of the plate, iron ore and thread Both the hot rolls have risen quickly, the main force of the thread breaks through the early high point, reached a new high since the rise, and the market confidence has been rapidly improved.
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From the current environment, the economic recovery in February is not as good as market expectations, especially the progress of the infrastructure field is slower than expected. However, in March, the start of construction quickly recovered, and funds and credit data continued to improve. Seeing more recovery data began to verify. Of course, from the perspective of steel demand, the demand is no problem, and the relevant indicators of infrastructure construction have turned upward, and supporting relevant data will continue to be corrected upward.
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From the current point of view, the steel price breaks down downwards, and it is true. The first -line large steel mill still increased slightly for the price of board in April, which also shows that it is relatively optimistic about the market outlook. After the spot price is up, it is expected to continue to push up. If you rose tomorrow, the high probability of price next week is expected to continue to move up. The economic data of January to February will be issued next week (15th). The market is expected to see more data verification of economic recovery, and gradually drive market confidence to rise. In combination with demand, there is still room for improvement. From the perspective of demand to recover, steel prices or ending the current volatile mode to a new round of small rise.