The market suddenly rose! Can steel prices be detonated?

As the U.S. economic inflation data rose more than expected, the probability of the Federal Reserve raising interest rates increased, the U.S. dollar index rose again, and commodity prices were suppressed. However, after entering the fourth quarter, in order to achieve the economic growth target set by the country at the beginning of the year, more strong stimulus policies It is expected to be released, and the current supply and demand contradiction is not too prominent. During the traditional consumption peak season, terminal demand is expected to increase. What will be the trend of steel prices in the future?
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The U.S. core CPI data increased more than expected, and the economic inflation rate increased. In order to reduce inflation, the probability of the Federal Reserve raising interest rates will increase. The U.S. dollar index increased, suppressing commodity prices. Futures and stock markets fell slightly. The operating mood of the spot market was sluggish, and most people were cautious and wait-and-see. The market Transactions remained sluggish, which was negative for steel price trends.
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Safety accidents have recurred in coal mines recently, and national regulatory authorities have strengthened coal mine safety inspections. Coal supply has been suppressed. At the same time, as autumn and winter are approaching for heating, the demand for coking coal has increased, and market expectations are strong. At the same time, the current hot metal production has reached a new high for the year, steel mills have a large demand for coking coal, and steel mill inventories remain low, which supports the strong operation of coking coal prices and is good for the steel price trend.
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According to market rumors, many institutions expect the People’s Bank of China to surprise the market by cutting interest rates again by 10 basis points on Friday. The central bank will further relax its policy to deal with debt distress, sluggish consumption, property market decline and weak exports, stimulate the recovery of economic demand, and drive residents Consumption volume, coupled with cost-end support, the output and inventory of the five major timber products of mainstream varieties decreased month-on-month this week. In the traditional consumption peak season, macro policies and the economy have been on the warm side. It is necessary to observe the effects of the policies after they are implemented and wait for market demand to materialize. , it is expected that steel prices will rise steadily tomorrow, with a range of 10-20 yuan/ton.