Destocking of nodular cast iron manhole covers has been around 6% for three consecutive weeks
Rebar is relatively resilient, recording three consecutive weeks of weekly gains. As the "Boss Boss" went higher and higher, the dispute between air and air became more and more fierce. The black system as a whole became thread-dominated. The raw material followed the trend. The raw material itself did not have much hype logic at the moment. Library logic pushes raw materials higher passively. In fact, the destocking of the nodular cast iron manhole cover has been around 6% for three consecutive weeks, and it has gone down by more than 4 million tons, and the demand is further amplified.
Comprehensive analysis: During the May Day holiday, both copper and nickel fell, which may have an impact on the opening price of iron ore Wednesday 1809. Abroad, the dollar index continues to soar, which may give the commodity an opportunity to pull back. In addition, the brother varieties of hot roll 1810, coke 1809, and thread 1810 contract also have a small pressure above the 60th line.
At this time, once the related products retreat, they will affect the trend of the iron ore 1809 contract, and the linkage between futures commodities will affect everyone's attention. In the future market, the monthly long-term iron ore is still bullish, but the short-term iron ore may have a callback. Operational thoughts: On 1809 Wednesday, iron ore will see if the 453-point strong support can be maintained. Once the disk falls below this position, it will fall to the 445-point level and become larger.