🔹 Market Analysis:

1️⃣ Technical Trend:

  • Market showed a slow downward drift with increased volume and slight open interest expansion.
  • Coking coal and coke continued to break new lows, showing no signs of stabilization, exerting downward pressure on the entire steel sector.
  • Steel remains in a clear downtrend, with no reversal signals yet.

2️⃣ Macroeconomic Factors:

  • U.S. Federal Reserve Meeting Outcome → Slightly Bullish
    • Slower balance sheet reduction + stronger rate cut expectations provided a temporary boost to market sentiment.
  • Upcoming Key Events Today:
    • China’s LPR Rate Announcement (10 AM CST)
    • Steel Union Inventory Report (Afternoon CST)

🔹 Market Outlook:

  • A short-lived rebound is likely today, but the trend remains bearish.
  • This is a classic “mid-trend correction” before another leg down.

🔹 Trading Strategy:

✅ Primary Strategy: “Sell the rally” → Any bounce should be viewed as an opportunity to establish new shorts.
✅ Physical Market Strategy: “Hedge sales at higher prices” to lock in margins.
⚠️ Caution: The bounce may not last long—watch key resistance levels.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.