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[SMM Weekly selected] Thread trend rising pattern unavailable spot Price short-term callback risk
Apr 18,2020 10:31CST
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Source:SMM
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"SMM Iron and Steel Industry chain Weekly report", the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information published for your reference.

Thread futures this week long and short game fierce, while the current loan only slightly fluctuated. Under the stimulus of multiple news, such as weak crude oil, environmental protection and production restrictions in Tangshan and economic data in the first quarter, futures concussion runs. In contrast, the spot market performance is relatively stable, shipments also remained stable. However, there are some differences between regions. If the Beijing market arrives on the low side, the spot price rises 80 yuan / ton this week, and Hefei, Kunming and other places due to the transaction is not satisfactory, the spot price performance is relatively weak.

Hot spot prices have generally continued to rebound this week, but the recent rise in spot prices has been significantly weaker than futures. Mainly because of the good news on the macro policy side in recent times, coupled with the renewed environmental protection and production restrictions in Tangshan, it has a better boosting effect on the market mentality, the futures disk reflects more obviously, and at the same time drives the spot price to rise. However, due to the current high inventory suppression and real demand is still weak, so with the rise a little weak, resulting in spot gains are generally weaker than futures.

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