News on October 25th: According to SMM, the futures of lme today are s

Published: Oct 26, 2023 08:20

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News on October 25th: According to SMM, the futures of lme today are strong, closing at 3673, up 2.14% from the previous trading day, and the spot market prices rose by 20-60 yuan/ton. On the supply side, according to SMM research, the blast furnace steel plant start-up rate this week was 39.68%, up 0.88 percentage points from the previous week, and the supply is expected to increase slightly. On the demand side, stimulated by macro news, the market feedback is obvious, the market sentiment is high, the trading atmosphere is warming up, the terminal basically continues the purchase strategy according to demand, and the demand for replenishment is slightly released. The transaction is generally preferred throughout the day. In the short term, the macro environment is warm, the market confidence is boosted, but the national debt is expected to be applied in 2024, and the improvement of demand in the fourth quarter may be limited. The sustainability of policy influence needs to be further studied. If related supporting policies can be followed up, the market sentiment is expected to heat up again, and the steel price may still have a slight upward expectation.

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