Steel price oscillation is strong

On July 6, the factory price of Tangshan billet stabilized to 3570 yuan/ton, the spot market as a whole was stable, and the transaction performance was general. From the basic point of view, affected by the rainy season in the south, downstream demand continues to be depressed, and the table demand has picked up slightly this week, but the overall is at a low level, with obvious seasonal characteristics; Supply increased slightly, steel mill profit expansion production enthusiasm is strong, inventory for two consecutive weeks. The current market is still expected to trade mainly, off-season supply and demand data performance has little impact on the plate, short-term steel prices show high volatility trend.

Strategy suggestion: Be careful to chase more.

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