fibaworldasia| Demand for rebar rebounds seasonally but is low, and black commodities are looking for buying opportunities amid shocks.

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[Black commodity prices fluctuated, and buying opportunities after a deep decline are worth paying attention to] On May 13, the commodity market continued to pay attention to price fluctuations in the black sector. In the past two weeks, iron ore and coking coal prices have fallen, mainly due to the push forward of steel mills 'expectations of resuming productionfibaworldasiaThis increased the amount of molten iron, which pushed up the pricing of iron ore and furnace burden. However, as the resumption of production reached a certain level, the amount of molten iron was increased from 2.2 million tons to 2.35 million tons. The bullish logic weakened, and the price fell significantly. Currently, changes in demand for rebar have become the focus of market attention. Data shows that despite a seasonal recovery in demand, consumption levels are still low and the fundamentals of the real estate market have not changed fundamentally. Forward-looking indicators, such as transactions and prices of second-hand homes, will have an impact on the first-hand housing market. Although some cities have relaxed purchase conditions, the market response has been sluggish. Investors should pay close attention to the policy direction and look for buying opportunities after the prices of black commodities fall deeply.