Black continues to weaken, can short-term steel prices stop falling?
Jinshi Futures, June 4th, the current situation shows that the market is basically the same as the direction of this round of market decline. The advent of the off-season in June has a certain downward pressure on steel prices. There are two main aspects to watch in June: on the one hand, demand performance is lower than expected. Steel mills currently have no obvious action to limit production, so it is necessary to pay attention to the changes in steel mills' production and inventory, and whether to accumulate contradictions. On the other hand, the shortage of resources in the north will continue to ease, and the high premium situation will be alleviated. Looking at the market outlook, in June, the impact of policies on the market was less than that in May. The characteristics of the off-season appeared, and the market showed a continuous decline. But the bearish sentiment accumulated in the market was released to a certain extent Next, if the fundamentals continue to weaken, it will be difficult to stop the decline; if no major contradictions continue to accumulate, it is expected to rebound in the short term, but the rebound height is limited.