In June, driven by the double coke, the black series temporarily ended the decline since the beginning of this year. Among them, coking coal bottomed out and rebounded on June 4, blowing the horn of rebound. As of the 30th, the main coking coal rebounded nearly 140 points in a single month, with an increase of more than 16%, leading the rise of Wenhua commodities. Iron ore also started the rebound mode in the second half of the month, but the rebound height was relatively weak. Specifically, there is still a certain distance from the previous high of 738.5, and steel futures became the weakest variety, and the profit of steel production on the market shrank significantly.
The overall sentiment of steel spot prices this month is not high. The steel prices in many places are almost the same as the prices at the beginning of the month. The market is mainly speculative and just-in-time purchases, but the phenomenon of lack of specifications in various places also occurs from time to time, and the differentiation of varieties is deepened.
