Steel Morning Post (20220725)
Release time:2022-07-25 09:08
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Yesterday's billet was stable, Tangshan Qian'an resource 3550, Qinhuangdao resource 3580 including tax ex-factory. Trader resources around 3630. (Saturday steady rise of 30, Sunday steady)

Futures snail 2210 night trading: closed at 3881 last Friday, up 54/1.41%. Last Friday night, the spiral was strong and volatile. At present, the upper pressure is around 3900 points, and the lower support is 3750 points. There is still room for rebound in the short term, and it is expected to maintain a strong and volatile trend today.

Precautions for shaped tube strips: Last Friday, black futures closed up across the board in the night session, boosting the spot market sentiment, and finished products tended to run stronger. This morning, the volume of direct delivery of billets is average, and the finished products are temporarily stable. It is expected that the spot market will adjust within a narrow range within days. (unit: yuan/ton)


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