Black continues to break through whether the market highs fall hard?

Today, the Shanghai International Energy Trading Center day crude oil futures contract shocks up, active trading, holdings reduced.Oil prices rose on Thursday as OPEC+ said it would boost output slightly by 500,000 barrels in January.The main domestic crude oil futures contract 2101 was opened at 286.7 yuan on Dec. 4 and closed at 295.9 yuan, up 2.74 percent or 7.9 yuan by the day's close.The settlement price is 292.2 yuan;The turnover was 205,620 lots.Holdings were 39,696 lots, with daily holdings down 761 lots.

This week, the national steel strip strong finishing, including north China leading steel mills than the beginning of the week up 80, east China, South China region than the beginning of the week up 50-70.In view of the overall low inventory of strip steel, coupled with the market cost support is not reduced, so it is still firm, but as the price rises too fast, the market speculation rise mentality has recovered, businesses are mostly high goods, spot cut space is limited.Considering in the later period under the high profit stimulation, the supply may not reduce but increase, the inventory inflection point will also appear soon, but in view of the recent situation is strong, the strip inventory is not high, the maintenance of steel mills increase, is expected next week the strip price or high shock around 10-30.

Tangshan profile stability in the weak.At present, the raw material market cost support role is strong, most of the steel enterprises actively replenishment, the market is still in a tight supply situation.As a result of heavy losses in steel rolling enterprises, some manufacturers take the initiative to arrange maintenance to avoid risks.However, as the weather turns cold, the terminal demand is even more depressed, the downstream is less receptive to high-priced resources, and the support at the cost end is relatively weak. As a result, the overall cautious attitude of the market is renewed.Tangshan section steel factory operating rate, December 3 statistics 47 section steel factory 68 production lines started 38, compared with last week reduced 4, the operating rate is 55.88%, compared with last week down 5.88%.Environmental impact, section steel plant operating rate has not been high.Therefore, it is expected that the short - term profile market will be weak and stable adjustment operation.

This week, the market wide up, trading in general.Straight seam pipe mainstream market mainstream up 20-140, seamless pipe up 50 or so, downstream demand is limited, terminal operation sentiment is not strong.Considering the obvious willingness of supporting merchants on the raw material end to hold the price, but the high delivery is not free to wait and see sentiment is strong, so it is expected that the market price of pipe next week will be adjusted in shock, the range is around 10-30.

In general, the low season in December, but boosted by the end of raw materials, finished products high difficult under.Consider the current terminal demand is ok, shrinking trend is not obvious, short - term transaction pressure is general.The proposal businessman does not short easily, careful operation is given priority to.