INTEGRITY

With the end of the Winter Olympics and the fermentation of the logic of resumption of work and production after the 15th day of the first lunar month, market confidence has been boosted again. Among them, the double coke led the rise and hit a new high in 4 months. Iron ore futures gained support at key points in the short term and recovered the 700 yuan mark in one fell swoop. As of the close, more than 2 billion funds have returned to the market.
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Spot market prices rose slightly, the trading atmosphere in Beijing and Tianjin has improved, and inquiries have begun to increase, but they are mainly concentrated on speculative demand, and terminal purchase demand is still general, and there is a small amount of speculation in East China. Slight breeding.
From the current point of view, after the negative phase has been digested in stages, the market’s expectations for resumption of work and production are heating up.
In addition, the real estate loan policy in some regions has recently been marginally relaxed. After Heze, Shandong took the lead in reducing the down payment for commercial housing, the four major banks will simultaneously reduce the mortgage interest rate in Guangzhou. This is the first adjustment of the mortgage policy in the first-tier market. , more cities will follow or have a high probability.
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The above plays an obvious supporting role for the market, and many varieties regained support above the Bollinger Band. From the perspective of the disk, if it stands firm, there is still a possibility of a rebound, otherwise the market will not go too far.
From the perspective of supply and demand, in the short term, it will focus more on news and expectations, and will enter the demand verification stage in the later stage. Whether it can continue to rebound depends on whether the demand can actually be realized. In addition, the good news weakens the national policy control to a certain extent. Once the expectation fails or exceeds the national psychological bottom line, the adjustment of the market will recur.
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Post time: Feb-22-2022

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