Steel Morning Post（20221019）
Release time:2022-10-19 10:22
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Yesterday, the common billet was popularized. Tangshan Qian'an Resources dropped by 30 from 3620, Qinhuangdao Lulong Resources dropped by 20 from 3620, and traders' resources dropped by about 3690. Night trading trend of futures snail 2301: The futures snail closed at 3668 in a narrow range, up 2/0.05%, above the 5-day moving average of 3700, and below the previous low of 3630. (Data source: Shanghai Futures Exchange (SHFE))

The focus of profiled tube strip blank: last night, the black futures market operated in a volatile manner at night. This morning, the direct delivery volume of steel billets was similar. The narrow band of Tangxiao was stable: OK, the profile was reduced by 10-20. At present, the market trading is cautious. Considering that the market performance was fair yesterday, it is expected that the spot market will be stable, narrow and sorted out within the day. (Unit: yuan/ton)


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