The black crow reappeared, and the steel futures turned from rising to falling by 50 yuan


Release time:

2024-04-11

After a long period of decline leading the market trend, coke rebounded by 25 yuan in early trading today. However, it did not last long. In the afternoon, driven by the continued drive of iron ore, it finally returned to its original shape and ended with a drop of 15 yuan in late trading. The 09 contract increased its position by 346 lots throughout the day, and the downward trend has not changed. It is not ruled out that it will continue to fall next week.

1. Market situation 1. Iron ore is the main force leading the decline today. The 10 contract increased its position by 4,800 lots throughout the day. The volume has been enlarged compared with yesterday, reaching 569,000. The trend this week is that the impact of the upper pressure level has failed, and the market has been suppressed. come down;
2. After several unsuccessful attempts to hit the 3536 platform, the Thread 10 contract experienced a volatile sell-off today, falling 49 yuan throughout the day. The volume was slightly reduced by 70,000 contracts compared with yesterday, and the position was increased by 22,000 contracts, and the position was reduced by 32,000 contracts at the end of the day. The market went down, and most bulls ran away in the late trading;

3. The trend of hot coil is similar to that of thread, but its strength is stronger than that of thread. This is also a situation that has been obvious recently, mainly because the actual downstream demand is different. The real estate recovery has been relatively slow, but the demand from the downstream manufacturing industry is gradually rising, which is reflected in the price rebound of hot coils with a sharp rebound;
4. After a long period of decline leading the market trend, coke rebounded by 25 yuan in early trading today. However, it did not last long. In the afternoon, driven by the continued drive of iron ore, it finally returned to its original shape and ended with a drop of 15 yuan in late trading. The 09 contract increased its position by 346 lots throughout the day, and the downward trend has not changed. It is not ruled out that it will continue to fall next week.

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