According to SMM, today's futures market fluctuated narrowly, closing at 3620, up 0.11% from the previous trading day, and the spot market price was mainly stable. On the demand side, a large number of news and macro data disturbances, mixed long and short positions, market sentiment is generally normal, speculative demand is normal, terminal procurement continues to follow the demand strategy, and the demand for stocking near the weekend is only slightly released, and the transaction is generally weak throughout the day.

Looking ahead, iron ore is still at a high level, the weak space or relative limited of raw material side, the market bearish sentiment is gradually digested, but the release of demand in October is currently flat, and there is no obvious sign of improvement and driving force, the short-term finished product price space is limited, if the macro data released by the soon-to-be-released September real estate is favorable, steel prices may be able to break out of the slump under the sentiment drive, or rebound slightly.