Short-term domestic ductile iron manhole cover prices are expected to fluctuate
On the 8th, in addition to the iron ore make-up period in the domestic black series, the other varieties all pulled back slightly, the transaction volume shrank, and the positions were lightened slightly. Specifically, on the 8th, the market as a whole maintained a narrow range of fluctuations. The spot market demand was weak, and the high-level transactions were weak. The profit of the market remained around 1200, which is still at a high level. The profit of short-selling steel mills continued to enter the market, resulting in weak performance of finished materials. The spot market transactions also performed relatively lightly. From the perspective of the screw day K, on the 8th, the thread closed the small Yin line, and fell for the fourth consecutive day. It is still in a short-term correction. Waiting for the market to cover the gap of 3600. Follow the suggestions above to stabilize the long position and pay attention to positions.
On the 8th, the black commodity futures showed an overall ups and downs. Among them, the contract of finished materials weakened, and the contract of raw materials obviously strengthened. The profit of the disk began to fall after reaching a high point. The core logic was that the environmental inspections had a positive impact on the fundamentals of raw materials. There is a cash-out mood in the finished material. It is expected that this pattern will continue in the short term, and the profit on the market will still narrow. As for the short-term snail trend, it is still in a period of turbulence.
On the spot side, the spot variety of the 8th was mixed, and the rebar spot was slightly weaker, mainly due to the recent weak demand, but the fundamentals are still preferred, and the difference between supply and demand still exists. Although there is a cash-out mood, the net inventory consumption will affect the price. Strong support has been formed, and short-term overshooting still needs to further stimulate and revive demand. It is expected that domestic short-term ductile iron manhole cover prices will show a volatile operating trend.