Steel Morning Post (20220512)
Release time:2022-05-12 10:59
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This morning's price adjustment: the price of common billet in Lulong area of Qinhuangdao increased by 20, and the price of 4660 including tax will be implemented. The price of common billet resources in Qian'an area of Tangshan has increased by 20, and it is now reported to be 4660 including tax.

Futures snail 2210 night trading: closed at 4725, up 67/1.44%. In the night session, the spiral continued to rebound and stood on the 5th line. At present, the upper pressure level is 4780 points, and the lower support level is around 4680 points. It is expected to maintain a strong and volatile trend today.

Points of concern for billets of shaped tubes: futures closed up across the board at night, and it is expected to continue a strong and volatile trend within days. This morning, the billet went up by 20, the direct shipment volume was average, the Tangxiao narrowband went up by 20-40, and the profile was up by 10-30. Yesterday, the spot market transaction was acceptable, and the futures night trading was strong. It is expected that the spot price will be stable and strong during the day. Pay attention to transaction dynamics. (unit: yuan/ton)


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