Steel prices are generally good but the foundation is still weak
Due to the lack of continuous support for the steel market in the downstream market, the demand is declining, the market pessimism is strong, and the transaction is cautious, which will cause steel prices to continue to fluctuate downward. It is expected that steel prices will not rise sharply in the short term.
Recent steel market may shock consolidation
The steel production release in December is still at a high level, and the market demand is further weakened. It is difficult to effectively improve the supply and demand relationship. It is expected that the domestic steel market will show a volatile adjustment trend in December, and the decline will narrow.
Cold and hot rolled coil market is expected to continue to rebound
To a certain extent, this also curbed the decline in the price of the cold and hot rolled coil market in the later period.
Policy bullish steel futures oscillated
the main contract price of steel futures reflects the pre-judgment of supply and demand in the peak season after the spring, and the current spot price adjustment has limited impact.
Macroscopic improvement, coke futures price stabilized and rebounded
In summary, the macro-level improvement, coke supply pressure slowdown, downstream demand is stable, it is expected that the coke futures price will be mainly shocked rebound in the near future, the main target price of 1905 contract is 2100 yuan / ton.
The heads of state of China and the United States have agreed to stop imposing new tariffs
On the evening of December 1, local time, Chinese President xi jinping and US President Donald trump were invited to have dinner and meet in Buenos Aires.
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