The first round of coke increases has landed, and steel prices continue to fluctuate under strong expectations and weak reality

Yesterday, the spot in the steel market was generally stable and rose, and the futures steel continued to fluctuate.
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The spot in the steel market is generally stable and rising. In many places, the increase of thread and hot coil is not high, mainly 10-20 yuan, and the hot coil is generally slightly better than the thread. There are also a few markets showing a slight increase in the varieties of medium plate, cold-rolled, galvanized, strip steel, and welded pipe. The overall turnover was poor, and the market sentiment in the past two days has weakened with the decline of the disk.
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Affected by factors such as the expectation of RRR cut overnight, the market started a slight rebound, and the daily market rose and fell. Among them, the main contract of thread was stronger than iron ore yesterday, and it was the weakest in black today. Affected by factors such as the shift of the main force and the decline in the demand data of the epidemic situation, the volatility has increased significantly.
The market still faces the contradiction of “strong expectations, weak reality”. On the one hand, affected by the positive macro expectations, the disk continued to show strong resilience, and even ferrous metals were firm and even continued to rise; but on the other hand, the transaction fell into this week, the demand for steel dropped, and even the inventory of steel mills began to increase. . In the case of a slight improvement in profits this week, it was eaten by raw materials again, and steel coke was still playing a difficult game under the premise of losing money.
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From the point of view of the spot market, the transaction has continued to decline this week. As of this Thursday, the average transaction volume of hot-rolled, medium and heavy plates and building materials was lower than the average of last week. In addition, the inventory of the factory warehouse began to increase, indicating that the steel factory’s order receiving situation was not ideal. Combined with the later winter storage time, it caused a greater problem for the steel factory. The market mentality is unstable and the enthusiasm for trading is not high, which is a common feature of the market. However, due to various factors such as costs and macroeconomic factors, the decline is difficult to continue, and the market has entered a stagnant situation where it is difficult to rise and fall.