On June 4, domestic steel futures were adjusted at a high level, and the "roller coaster" market reappeared. The A516 grade 70 steel spot price is mainly stable, and some steel markets have experienced mixed ups and downs. At the time of rushing higher in early trading, the fear of high is still there. The market has not followed up. Some businesses have taken the opportunity to drop shipments in the dark, accelerated diving in the late trading hours, and some regions have sold at low prices. The overall transaction of steel was not as good as yesterday, and most of them were concentrated on low-cost shipments.
In the short term, the lower production limit in Tangshan has a greater impact on the finished materials market. Regardless of the spot or futures and raw materials, the market is completely different, but the dual-focus rotation will continue to rise.According to the latest news, the 4.3-meter coke oven in Anyang, Henan will be limited to 50% from July 1. Superimposed on the production restriction in Shandong and the willingness of coking enterprises to increase prices, the price of A516 grade 70 carbon steel is not much different.
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A516 grade 70 steel plate price continued to rise with limited strength, and the possibility of steady or high-level adjustment increased. And yesterday and today's snails and iron mines received crosses and inverted hammers respectively, which also shows short-term high adjustment pressure, but the Bollinger Bands are still above the mid-track, the overall market bull trend has not changed, combined with a good go Stock data, as well as fundamental judgments such as good steel market demand, short-term steel prices will not be too large even if there is room for correction.
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