My steel: Last week, the domestic steel market price fluctuated at a high level. In the short-term, benefit from the reduction in inventory, the overall inventory pressure in the market is low, and the supply side has not been expanded for a while, so the market supply and demand level is still in the market acceptable range. On the other hand, in terms of transactions, the demand contraction is obvious near the end of the month, but considering that this week is the last three working days before the May 1st holiday, some of the demand will be forced to release. On the whole, in the short-term, the market's volatility is limited, the market is eager to cash out, and demand will be limited even if it is released before the holiday. Most merchants do not have big hopes before the holiday. Therefore, this week (2019.4.29-5.3) domestic steel market prices are expected to remain in a narrow range.
Han Weidong, deputy general manager of Youfa : This week, near the May 1 holiday, the market volatility will be distorted or abnormal, but there is no direction, and the following trend is the best choice. Just confirmed the April settlement price of the strip, the market is still in shock operation, and the upper limit, the market after May 1 will continue to observe!
Post time: Apr-30-2019