Institution: The upward drive of steel prices has weakened, and the follow-up trend may turn into a weak run

Jinshi Futures, April 24, according to Baocheng Futures analysis, the supply and demand of threads are changing, the production enthusiasm of construction steel mills has increased, and the supply has rebounded, but it is still at a relatively low level, giving steel prices some support. It should be noted that the profit of the variety of tons of steel is acceptable, the sustainability of the production recovery needs to be tracked, and the short-term demand is worried about peaking, which supports the recent changes in the logic of steel prices. At present, the two are still at a low level in the same period, and considering the downturn in real estate and the poor performance of infrastructure, the demand for construction steel is expected to continue to decrease during the off-peak season switch, and industrial contradictions will gradually Overall, the early optimism fermentation superimposed on the strength of raw materials, the current price has strengthened, but its own supply and demand pattern has not improved, the low supply level has begun to rise, and demand is also worried about peaking. Industrial contradictions are accumulating, and the upward drive of steel prices has weakened. The follow-up trend may turn into a weak shock operation, focusing on demand-side changes.