Steel rebar futures are insufficient in short -term rising power

With the rebound of futures fluctuations, the spot quotation continues to rise, but as the daily market rises, the spot market will eventually be shipped firmly, and the overall transaction is acceptable. According to market feedback, some markets have a bottom copy situation, but from the performance of the afternoon market, speculative demand may be reduced.
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From the perspective of the daily market trend, although there is a good news recently, the market only shows the decline after completing the gap. The main reason is that the downstream demand is insufficient. Although the real estate “suspension of loan” has weakened, it has not been fundamentally resolved, so the release of terminal demand is still weak.
Although the steel mill has continuous production of production reduction, some steel mills have released the news of reducing production and suspension of production, but from the current marketing emotions. Although there is a intermittent bottom -up condition, the overall market inventory pressure is still limited, and the market acceptance of steel mills reduction is average.
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The news of the recent interest rate hikes has continued. This week, the European Central Bank will announce the first interest rate hike (25 basis points in interest rate hikes) in the past 11 years. It will start a country that responds to the financial fragmentation mechanism and support economic difficulties. Although the downlink risk of economic growth has increased, considering the amendment of inflation expectations, the guidelines of the European Central Bank may raise interest rates 50 basis points in September may still be effective. Combining the Fed’s expected effect next week, the overall economic atmosphere is sorrowful.
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In the short term, the market has maintained a trend, and the spot -based bottoming behavior will be further reduced. As the current supply and demand is still unbalanced, the price of raw materials has fallen, and the overall stability maintenance power is weak, and it will continue to maintain a trend.