Steel price is running weakly

On April 27, the prices of domestic black commodity commodities were very obvious. There was a V-shaped trend during the day, but the upward momentum was still insufficient. Then it fell weakly. As of the close, except for coke, it maintained a rally, and other varieties closed down. The period snails revolved around 3300 yuan, hot coils around 3200 yuan, and iron ore around 600 yuan. The mainstream positions have been long and short, and the decrease is more than three times the decrease, indicating that the steel market is cautiously dominated.

The steel spot market is mainly stable, with little overall change, and individual regions and varieties have been loosened slightly. The transaction situation is slightly better than the weekend, but the difference between the north and the south is relatively large. The shipments in the north are general, the terminal procurement activity is weak, the shipments in the south are better, and the low price recognition in Guangzhou, Hangzhou and Shanghai is high, and there is basically no speculative demand. The transaction was mainly concentrated in the morning, and as the disk weakened in the afternoon, mainstream shipments weakened.

April 27 is the first trading day of the current market in the early days of May Day. The market generally expects that the demand for stocks before the holiday will appear, but from the current point of view, there has not been a particularly obvious cashing.

From the perspective of the steel market psychology, there is widespread concern that the supply and demand pattern will change, thereby suppressing the market. Especially during the holidays, the normal production of steel mills, the slowdown of procurement, superimposing the current high inventory and the slowing down of destocking and other factors, the market is more worried that the pressure will be greater after the holiday.

At present, there are only 3 valid working days left before the official holiday, leaving limited room for the steel market to operate. Let's see if the shipment can follow up.