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The mainstream prices in the spot market have risen with the market, with increases ranging from tens to hundreds of yuan

Shandong Hongyuan Metal Materials Co., Ltd Hits:6 Date:2021/11/12 16:41:54【Big Medium Small

The mainstream prices in the spot market have risen with the market, with increases ranging from tens to hundreds of yuan. The trading atmosphere in the market is becoming more active, with terminal procurement and speculative demand starting to enter. In some areas of East China, transactions have increased, and merchants have limited resources, resulting in an increase in reluctant and suspended sales operations.

On the one hand, the market is following the logic of the market itself. This rebound is based on yesterday's market. Yesterday, many varieties showed cross stars and long legs. market sentiment is accumulating and brewing. The repair opportunities caused by the large basis difference of the market itself, under the general tone of "weak supply and demand" in the early stage, provide conditions for the market to rise sharply.

On the other hand, the positive news gathering resonates with market sentiment, which is the direct factor of this wave of rise.

One is that the country's financing policies for real estate tend to be loose, causing subtle changes in market expectations. Real estate stocks have collectively raised their limit, and the futures market has seen a stronger rise from the 05 contract than the 01 contract, indicating that the market is following the expected cycle of implementing favorable policies for real estate. One is that two macro financial data are better than expected, and market sentiment has improved.

In addition, five steel mills in Hebei have issued a statement to jointly boycott the behavior of high futures discounts and price smashing, and not cooperate directly or indirectly with customers engaged in futures spot delivery and other types of customers, to protect the stable operation of the steel market and promote the steel market.


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