3dcryptogame| Silver's long-term upward trend: inflation is declining slowly, and the market is expected to cut interest rates 1-2 times; supply pressure and policy game between coking coal and iron ore; glass demand focuses on loosening real estate

News summary

The Federal Reserve's interest rate cut policy is unclear3dcryptogame, gold and silver are bullish for a long time. Coking coal supply is growing, demand is unstable, and the market is volatile. Global shipments of iron ore have increased, policy driven is strong, and technical aspects show high levels of shocks. Glass stocks have accumulated slightly, profits are stable, and the sustainability of demand improvement remains to be seen.

Newsletter text

Expectations of the Federal Reserve to cut interest rates become the focus of the market. The Federal Reserve's monetary policy shows a trend of interest rate cuts. Although the timing is not yet clear, the market generally expects that one or two interest rate cuts may be implemented this year.

With the increase in the deficit ratio and the rising risk of stagflation in the United States, gold and silver prices are expected to maintain a long-term upward trend. Before the specific implementation of the interest rate cut policy, the market will maintain expectations for easing policies. Coupled with strong industrial demand, the silver supply gap has widened, and silver prices are bullish.

The increase in coking coal supply is expected to be strong. Mongolia's coal imports remain high. Although the sustainability of steel demand today is insufficient, inventory removal has slowed down, and demand has fallen month-on-month, macroeconomic policy expectations are strong and the market may continue to fluctuate.

The iron ore market was affected by many factors by global shipments increased month-on-month. The increase in mainstream ore was limited. The arrival volume of 45 ports increased significantly, and port inventories continued to increase. In the short term, the fundamentals are neutral, but policy expectations give the market greater room for influence, and the market is playing a game between high inventories and policy drivers.

The upward trend of the glass market has attracted attention. Glass factories have accumulated a small amount of inventory and stable profit levels. With the recent relaxation of real estate policies, the sustainability of demand improvement has become the focus. From a technical perspective, the glass market fell back within the day, and market sentiment remained volatile.

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