Coal and char are leading the way, what is the short-term trend?
2024-07-15 10:49:29
Gold Ten Futures July 15th news, coke main contract led the market, rising more than 3% in the day; coking coal main contract rose the most, rising more than 2% in the day. Galaxy Futures analysis pointed out that the current bicoke supply and demand are basically balanced, the fundamentals are acceptable, July and August belong to the off-season of steel demand, there are not many points that can be traded in reality, but the valuation of the disk is not high, it is expected that the downward space of the disk is also limited, and often the off-season is expected to account for more weight in the transaction. In the medium and long term, there will still be certain expectations for the domestic steel demand in the third quarter. It is recommended to wait and see or bargain light warehouse layout multiple orders, and pay attention to the change of market sentiment.