Steel Coil Prices Fluctuate Every Day. Can It Be Predicted?

Affected by the delay in the Fed's interest rate hike expectations and the sharp rise in the US dollar index, commodity prices fell back. Domestic futures futures fell sharply under the leadership of the sharp decline in coke and iron ore. At the same time, the off-season effect on the industrial side became more and more obvious. The market trading logic gradually turned to a weak reality, the market merchants were in low spirits, and the overall transaction reached a freezing point. How will the price trend of steel coils be in the future?
Affected by the differentiation of the trends of foreign non-ferrous metals and crude oil, the trading logic of domestic futures turned to a weak reality, the industrial inventory stopped falling and rebounded, the market transaction was sluggish, and the merchants were pessimistic again. On the raw material side, some steel coil companies in Hebei Province launched a 50-60 increase and decrease in the purchase price of coke, which was planned to be implemented at 0:00 on June 12. The prices of coke and iron ore fell, the cost support weakened, and the ex-factory prices of steel coil companies fell. Merchants were cautious and wait-and-see under the psychological effect of buying high and not falling. It is expected that the price of color-coated steel coils will be stable and weak this week, with a range of 10-30 yuan/ton. The price of steel coils fluctuates almost every day. If there are customers in need, please place orders reasonably. Jingtai Steel Coil Factory will provide high quality products and good prices