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[SMM Weekly selection] this week's price "up and down dilemma" follow-up hot volume "where is the way?"
Jul 18,2020 11:50CST
translation
Source:SMM
[SMM Weekly selection: this week's price "up and down dilemma" follow-up hot volume "where is the way") this week's thread period is now basically the same. It is strongly expected that Yuwei still exists, the state of last week continued at the beginning of the week, high-level operation, and the current price is synchronized and stable. Then half a week, the macro data released by the National Bureau of Statistics were neutral and failed to further confirm that the market exceeded expectations. Coupled with the frequent torrential rains and flood season weather warnings from the Central Meteorological Station, the release of the demand side seemed to be a long way off again, while inventories continued to accumulate, market sentiment continued to cool, and current prices began to weaken.
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"SMM Steel Industry chain Weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

The trend of the thread period this week is basically the same. It is strongly expected that Yuwei still exists, the state of last week continued at the beginning of the week, high-level operation, and the current price is synchronized and stable. Then half a week, the macro data released by the National Bureau of Statistics were neutral and failed to further confirm that the market exceeded expectations. Coupled with the frequent torrential rains and flood season weather warnings from the Central Meteorological Station, the release of the demand side seemed to be a long way off again, while inventories continued to accumulate, market sentiment continued to cool, and current prices began to weaken.

The current prices of hot rolls this week all showed a trend of rising first and then falling. At the beginning of the week, the stock market soared, stimulating the whole capital market mood positive, black is to borrow the opportunity, take advantage of the wind. In particular, the violent rise in iron ore has led to a restless mood in the black futures market. Hot spot market closely follows the futures market, prices continue to rise, speculation and terminal procurement also have a small release. Then the performance of the continued stock market and black period market is not satisfactory, the spot market is affected by fear of heights, the turnover is also gradually weakening, and the price, in the game between traders and terminals, falls slightly.

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