The overnight reversal of the futures market in recent years has greatly changed the market. Today, iron ore continued to perform strongly. The 1709 contract opened higher and higher in the night, rushed to the 500 mark, and the price continued to rise in the early trading, with an increase of more than 6 %, Rose to a two-and-a-half-month high of 524 during the session and closed 517 up 5.3% in late trading. On the one hand, steel mills have made a lot of profits following the increase in quotations, and channel steel manufacturers have increased their output; on the other hand, after a comprehensive understanding of galvanized channel steel, steel mills' demand for high-quality iron ore is still solid, although iron ore inventory is high, However, the situation in the cold season will continue. But the threads and hot coils are under pressure. As of the close, the main force fell 0.77% to close at 3586 yuan; the hot-roll main force closed at 3657 down 0.57%.
This has also caused a change in the mentality of the shopping malls of the channel steel manufacturers, and the areas that have been rising in the early stage have also initially lowered their offers. On the other hand, according to the channel data, the low price was not accepted by the high price at that time, and the sluggish transactions in the spot malls also aggravated the disappointment expectations of the malls. However, the short-term inventory pressure is not great, and the merchants are not eager to kill sharply. The possibility of a large-scale decline in the short term is not large.
In Shenzhen, you have to choose the right company for Shenzhen cold plate wholesale , or it will be like the futures market makes you reverse for a year.
Other black futures today fell sensationally, the rising trend of product materials slowed down, low-grade materials were fed on demand, business operations were slightly stable, and billet transactions were average, so the quotation remained stable at 3470 yuan / ton, but it may enter the consolidation period later.
In summary, there is no obvious opposition in the shopping mall. The biggest constraint is that the terminal demand is relatively weak. The low inventory level supports the shopping mall during the cold season. After the quotation continues to rise, it may slightly adjust during the period, but it is not rugged. Pay attention to the bottom transaction.