The probability of adjustment of the market price of steel prices is not very large

On May 25, the overall price of black commodities was weak, and the snail broke through the integer mark of 3500 yuan for the first time, closing down by more than 1% at the end, temporarily stable at 3500 yuan, and the hot coil barely stayed above 3400 yuan. The iron ore strength is not strong, showing a drop, but the overall decline is less than 1%, and it is still above the high of 720 yuan. Despite the shocks of Shuangjiao, the overall price still closed up, and it is one of the few black varieties that maintained its upward trend.

 In terms of capital flow, coke attracted nearly 700 million yuan to win the top spot, while the rest was mainly lost, with snails and hot rolls losing 100 million and 123 million respectively. Mainstream positions are reduced with both long and short positions, and shorting is greater than decreasing.

The spot price of steel fell slightly, and the transaction situation was different from north to south. Shipment in the northern steel market was slightly better than last weekend. Shipment in the southern market was generally weak. Although low-price transactions in some regions were smooth, market acceptance declined significantly after the trial increase. Speculation The demand is not seen, the terminal basically purchases on demand, indicating that the demand is still there, but the market wait-and-see mood still exists.