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HRJ1

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Analysis and statistics

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About

HRJ1.F represents the June 2024 (J1) futures contract for Hot-Rolled Coil Steel (HR) traded on the CME Group (F). This futures contract is a standardized agreement to buy or sell a specified quantity of hot-rolled coil steel at a predetermined price on the June 2024 expiration date. Participants use HRJ1.F to hedge against price fluctuations in the physical steel market or to speculate on the future direction of steel prices. The contract size and specifications are defined by the CME Group.

Factors

Company Performance: Strong earnings reports and positive future guidance typically increase stock price.

Market Sentiment: Overall investor optimism or pessimism can drive the stock price up or down.

Industry Trends: The performance and outlook of the broader industry HRJ1.F belongs to influence its valuation.

Economic Conditions: Factors like interest rates, inflation, and GDP growth impact stock prices.

News and Events: Company-specific news, such as mergers or product launches, can significantly affect the stock.

Competitor Actions: Actions by major competitors can indirectly impact HRJ1.F's perceived value.

Regulatory Changes: New regulations or government policies can create uncertainty and affect stock prices.

Global Events: Major international events can impact the global economy and indirectly affect HRJ1.F.

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