The support of raw materials is strong, and the operation of the steel market is still steadily good
At present, the domestic ferrous metal market is still strong. Judging from the opening of the market on Monday, the market still does not have a clear direction, showing the characteristics of insufficient dynamics and decline. Near the National Day holiday, the market cautiously played a stable role. From the perspective of the futures, after the ferrous metal weakened on Friday night, it rebounded quickly. On Monday night, it continued to rush, but failed to break through the high point on Friday, and there was a certain pressure above. In terms of spot, the performance is average.
During the decline in international stock markets and crude oil all the way, black did not follow, and it also shows that to a certain extent, it still improves the domestic peak season market expectations. After the US interest rate hike landing as scheduled, it gave the market a certain chance of breathing. The market sentiment was repaired. The steel price was supported by the demand for replenishment of the replenishment, and it still performed firmly.
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The first is that the raw materials are still strong. The probability of the first round of coke is probably to land.
The second is to be near the National Day and important meetings. The market expects that the mining pipe control of furnaces such as coal and iron ore is strictly controlled, reducing supply and low inventory, and supporting raw materials and steel costs.
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The third short -term macro base continues to play a role. Policy: The central bank stated that it will continue to deepen the structural reform of the financial supply side and continue to improve the institutional mechanism that effectively supports the real economy.
The fourth is that from raw materials to raw materials, there is a certain benefit of replenishment.
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In the case of replenishment, the support of raw materials, and no major contradictions in the fundamental aspects, it still maintains the vibration operation. It does not rule out that the local market still has a slight rebound.