This article analyzes the recent fundamentals of China's steel market (hot coil, rebar) and looks forward to future trends in steel prices.
The main contract of rebar rose by 4.00% during the day, and is now reported at 3452.00 yuan/ton.
The 5-minute chart of the order flow shows that the main contract of 21:15 rebar fluctuates on multiple long accumulation belts, and is now reported at 3415 yuan/ton, an increase of nearly 3%. Click to view real-time changes.
This article analyzes the recent fundamentals of China's steel market (hot coil, rebar) and looks forward to future trends in steel prices.
The 5-minute chart of the order flow shows that the main contract of 9:23 rebar fluctuates below the short accumulation belt, and is now reported at 3109 yuan/ton, a decrease of more than 2%. Click to view real-time changes.
The 5-minute chart of the order flow shows that the main contract of rebar at 21:30 fluctuated on multiple long accumulation belts, and is now reported at 3206 yuan/ton, up nearly 2.00%. Click to view real-time changes.
The main contract of rebar rose by more than 2.00% during the day, and is now reported at 3151.00 yuan/ton.
The 5-minute chart of the order flow shows that the 22:10 rebar main contract fluctuates on multiple long stacking belts, and is now reported at 3096 yuan/ton, an increase of more than 2%. Click to view real-time changes.
The 5-minute chart of the order flow shows that the main contract of 14:25 rebar fluctuates below the short accumulation belt, and is now reported at 3,156 yuan/ton, a decrease of 2.89%. Click to view real-time changes.
The 15-minute chart of the order flow shows that the main contract of 11:15 rebar fluctuated on multiple long accumulation belts, and is now reported at 3,265 yuan/ton, an increase of 0.09%. Click to view real-time changes.
Black futures rose in the short term, the main contract of rebar rose by more than 1%, the main contract of iron ore and coke rose by nearly 1%, and the main contract of hot coil and coking coal rose within the day.
Black futures continued to decline, rebar and hot coil futures prices fell by 50 yuan/ton, a decrease of nearly 1.5%, iron ore and coke fell by more than 1%, and coking coal fell by nearly 1%.
The main contract of rebar fell by more than 2.00% during the day, and is now reported at 3298.00 yuan/ton.
From the closing settlement on July 31, 2024 (Wednesday), the price limit of the rebar RB2410 contract will be adjusted to 6%, the margin ratio of hedging transactions will be adjusted to 7%, and the margin ratio of speculative transactions will be adjusted to 8%.
From the trading on July 31, 2024 (that is, the evening trading on July 30), the transaction fee for closing the current position of rebar futures RB2408, RB2409, and RB2410 contracts will be adjusted to 2/10,000 of the transaction amount, and the transaction fee for closing the current position will be adjusted to 1/10,000 of the transaction amount.