Summary of SMM Steel Morning Meeting: Macro-positive factors drive fut

Published: Jul 21, 2023 06:41

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Summary of SMM Steel Morning Meeting: Macro-positive factors drive futures up, and the contradiction between supply and demand of steel is being repaired. Yesterday, the main contract I2309 closed at 849.5, up 1.74%. The willingness of iron ore traders to ship was still acceptable, and steel mills were purchasing on demand, and the overall transaction atmosphere was still acceptable. The transaction price of PB powder in Shandong area was concentrated at 883-093 yuan/ton, up 11-13 yuan/ton from the previous day.

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