Waiting for the direction, the market is about to get out of the shock

Today, the steel market is generally stable and rising. Relatively active varieties such as screw threads and hot coils still rose slightly by 10-30 yuan in some markets, and the average price moved up slightly. However, the transaction of adult products is average, the speculative demand has not risen, and the terminal demand is quite different.
Looking back on the steel market in the past month, the market has shown the characteristics of “not high, not low, not easy to rise, not easy to fall”. Of course, the market business is not easy to do.
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At present, the market has two interpretations of macroeconomics. One is that the recovery of GDP is good, and there is no problem in completing the annual target; Including the current troika of consumption, investment and export, we will continue to make efforts. In fact, this is about how to set the tone for the economy and policies in the second half of the year. But judging from the current situation, many fields such as automobiles, home appliances, home furnishing, real estate, and infrastructure have stepped up policy formulation and implementation, but this not only stabilizes the economy, but also pursues high-quality and green development. It is not entirely a one-sided interpretation of the market.
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From a fundamental point of view, the steel market has benefited from rising coal coke prices and the relative strength of iron ore. However, the market is constantly discussing the crude steel reduction policy. At present, this news has troubled the market for too long. The focus is on how to control, time and control methods, which have a certain impact on the market.
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From the current point of view, the market is still playing games around the dimensions of macro, policy, industry and capital. But in the end, it will be implemented on several relatively more important matters, such as setting the tone of the economic work conference at the end of the month, raising interest rates by the overseas Federal Reserve, and stabilizing the steel industry. The impact of policy stimulus on the market is still expected. Overseas policies mainly focus on the disturbance of the Fed’s interest rate hike, and the exchange rate trend is unstable. In addition, changes in the bond market and stock market will also affect the changes in futures and spot stocks from the aspects of capital and sentiment.