Market Turnover Is Weak Tomorrow Or Oscillating Operation

Today, the overall weakness of black futures is narrowly adjusted, and spot transactions are weak. In terms of steel, Tangshan billet turnover was cautious, finished product shipments were not smooth; strip steel mainstream remained stable; building materials market shipments were weak, and some wire rods were lowered by 30 in the afternoon; steel mainstreams were stable, and individual weaknesses, the market wait-and-see attitude was strong. In terms of raw fuel, coke remained stable and wait-and-see; the price of external mines fell, and the transaction was light; the scrap market was in a weak position of supply and demand, and the prices were narrowly arranged.
The National Day is approaching, and the policies for environmental protection and production stoppages in Tianjin, Hebei, Shanxi, Jiangsu, Shandong and other regions have been implemented one after another. Large-scale steel mills have reduced production, and the supply and demand ends have contracted rapidly, which is a strong support for steel prices. Today's survey of Guangzhou building materials inventory decreased compared with last week, indicating that regional demand is released better.
On the whole, the contraction strength of the supply side is greater than the demand, and the market will still have strong support for the turbulent operation. However, the enthusiasm for participation in the market is weakened. It is expected that the short-term steel price increase will be limited, and the steel social inventory data will be concerned tomorrow.