Steel products fell first and then rose, and the transaction volume increased

Since the market yesterday, the futures market has continued to fluctuate at a high level, and the shuffle trend is obvious. During the day, the fluctuations were fierce, showing a deep “V” trend, the end of the market rose, driving the increase in spot transactions, and some quotes began to rise, but the overall as a whole was still not higher than yesterday.
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In July, the American inflation slowed down significantly, which brought the hope of inflation to US monetary policy makers and consumers. The probability of raising 75 basis points in September was significantly reduced. From the perspective of the trend during the day, although it has risen after the opening, the differences in emotional sides have accelerated the differentiation of the market, causing a decline in the market again. In the afternoon, with the sluggish demand for market evidence, the market fell deeply, and the shuffle trend was obvious. However, from the perspective of the current demand side, the seasonal decline is mostly normal, and there are still tight resources in various places, so the panic of emotions only depends on temporary behavior.
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In the short term, demand is still the main factor restricting the price, but because the rigid demand still exists, it has support for prices and insufficient motivation. The market is still in the fluctuation period. Recently, it still needs to pay attention to the changes in production to prevent the mismatch of supply and demand.
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