Precision Steel Strip Information
1. Len nickel rebound continued precision can follow
It is understood that yesterday LunNi continued its overall strength, rising to a maximum of 14940 US dollars/ton. After the continued upward trend, the buying follow-up was insufficient and closed slightly higher, failing to hold the high. Overall, short-term nickel prices are still in a strong state. On the market side, due to the strong rebound in the short-term Lunnickel and the shortage of individual resources in the market, the transaction situation of precision steel belts is fair, and some merchants are obviously reluctant to buy goods, especially in Wuxi and Ningbo markets. although merchants in other regions have limited resources, they have not offered for the time being and have a steady wait-and-see. on the whole, the market has a strong willingness to support prices, which coincides with favorable conditions, ease the market shortage deadlock.
2. The rally is expected to be optimistic.
It is understood that the optimism brought about by the improvement of China's economic data continues to support metal prices. Yesterday, Lunnickel continued to maintain a strong position, but the upward momentum is gradually insufficient. Yesterday Lunnickel rose slightly by $22 to close at $14757, and trading activity declined. On the market side, today's opening of the market was boosted by factors such as the strengthening of cost support, low inventory and the continued rise driven by the improvement of data. Merchants were cautious and positive. Merchants with less goods were even more reluctant to sell at low prices, and their quotations were relatively firm. In terms of transactions, the shipments of merchants increased compared with the day before yesterday, but the market arrival volume was limited, and merchants had to wait for the steel mills to complete the specifications. In terms of mentality, merchants are optimistic about the "Golden Nine and Silver Ten" expectations, but it is too early to say, and merchants have to wait for a conclusion on whether they can continue in the later period. It is expected that in the short term, the trend of precision steel belt will continue to stabilize and strengthen the pattern.
3. Merchants are expected to be optimistic after the market price performance is strong.
It is understood that the euro zone released better-than-expected economic data yesterday, while the optimism brought by China's economic data continued to affect the market. Yesterday, the London metal market was operating in an optimistic environment. Lunnickel Electronics closed up $103/ton to $14860/ton. In terms of the market, the price trend of the precision market is relatively strong, coupled with the limited amount of market resources, some merchants have a heavy mentality of reluctant to sell, and the willingness to push up the quotation is relatively strong. However, judging from the feedback from merchants, the market itself has few bright spots, the low-level resources are acceptable, the high-level resources are basically unattended, and the transaction performance is mediocre. In addition, considering the high arrival cost in the later period and the low inventory of most merchants, they are not in a hurry to promote sales at low prices for the time being. Therefore, most of the quotations of merchants are flat and wait and see the situation of downstream goods.
