Affected by the news, today's domestic black system wide shock, roller coaster market recurrence.

Midday today, the market rumor regulatory layer has gone to yongan futures research, black futures fell immediately.Yongan then refuted rumors to clarify, the end of a small rise again, but overall failed to reverse the shock fell.Period snail minimum breakdown 4000 yuan integer pass, the highest close to 4100 yuan, day amplitude close to 100 yuan.The stone temperature met cold, plummeted nearly 4%, more than 1.9 billion funds abandoned, only coke against the city counterattack, or about 2%, captured nearly 700 million funds admission.

Spot market ups and downs are different, the overall performance of shock weakening, transaction in general, the market is volatile for steel trade enterprises pricing and terminal procurement are greater impact, the market mentality tends to cautious wait-and-see.

Prediction: according to the normal pace to deduce, the market after the rapid pullback, there are short-term periodic repair expectations.However, due to the interference of market news, the repair path is not smooth.

In addition, the support from the demand side of the steel city is weak, and the negative transmission of the market sentiment caused by the turbulence is much larger than that of the peak season, which is especially evident today.

What's more, from the inventory data, the steel mill inventory continues to reduce, indicating that the recent production restrictions in hebei and other places have achieved some effect, but the absolute amount of social inventory is still in the rise range, and higher than the level of the same period last year.The next step is to see if the latest developments in production limits and environmental concerns support continued market repair.

From the external news, with the G20 and tangshan environmental production restrictions have been cooling, the focus of the market attention to the fed's interest rate cut in July and the following sino-us trade negotiations further situation, these two factors on the capital market and steel market sentiment is still large, need to be highly concerned.(credit: Lange steel)