Market Trading Climate To Reduce Freezing Point Short Term Steel Prices Trend Lower

Market Trading Climate To Reduce Freezing Point Short Term Steel Prices Trend Lower

Date:Sep 29, 2018

Today's domestic black commodity futures weaker decline, including a sharp drop in threads, iron ore coil slightly down, a small drop in double coke, before the National Day market hedging sentiment is strong, large outflow of funds, spot market purchases scattered, the overall transaction is still acceptable, but the price continued to reduce the risk of inventory backlog, business mentality cautious, September 28 On the same day, 13 steel mills across the country released price adjustment information, and prices were lowered, with a reduction of 20-174 yuan / ton.


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Today, steel prices of various varieties of slightly lower, for example, Strip Steel, the early market generally fell, there was no sign of a stop. At present, the basic data weakened, although the recent end-of-stock sentiment is strong, but the market to avoid inventory risk mentality is equally heavy, resulting in prices easy to fall but difficult to rise. In the next two trading days, the trading atmosphere will gradually drop to the freezing point, and the short term domestic steel price trend is expected to be weak.


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