bingowincash| Analysis of Shenyin Wanguo Futures: There is limited room for short-term growth in thread futures prices, focusing on the rate of inventory removal and post-demand opportunities

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[The short-term rise potential of steel prices is limited] According to the analysis of Shenyin Wanguo Futures on May 17bingowincashDespite the increased demand for steel, rebar has performed actively in de-inventory in the context of low production, while the pressure on de-inventory of sheet steel is still high. At the macro level, the recent issuance of special treasury bonds, the renewal of old equipment, and the real estate market and infrastructure construction in many domestic provinces and cities have injected new vitality into the market. However, after a period of adjustment, steel prices are still dominated by long and short seesaw, with limited room for growth. The market pays more attention to the subsequent reflection of demand and the speed of inventory removal.