From the current point of view, the market is still in shock adjustment, has not yet out of the direction. This week, global events continue, the United States non-farm employment report, the Federal Reserve’s interest rate, the central bank over one trillion reverse repurchase expiration, and so on, will still disturb the market. The current market is still in the off-season, off-season still need to pay more attention to policy trends and expectations. The fundamentals mainly lie in the logical relationship between the reduction policy and the ore high level change and the hot metal production, and the accumulation does not need to worry too much. In addition, if the electric furnace is all under the cost of grain electricity, the marginal variable of short process output also has a certain support for the finished material. At present, the market has not gone out of the direction, mainly shock. From the plate, black mixed, rebar, hot-rolled steel coil, galvanized steel pipe reverse raw materials closed up, iron ore, double coke closed down. Thread closed at 3767, up 21, holding 1.844 million lots, increasing 42,000 lots. Intraday high-frequency oscillation, the high point to 3780, higher than the previous high 3 points, the end fell slightly. Technically, the thread index is strong, the hour level is supported near 3700, and it is not ruled out that there is the possibility of continuing to explore, but it is necessary to pay attention to changes in raw materials such as iron ore, and it has not achieved an upward breakthrough.
Post time: Jul-05-2023