The disk review:
 
May 18 RB1210 low open contract rebar main low go, open quotation slightly lower, the pan rushed back and maintain high on the movements of the defined range bound by crude steel production hit a record high, the effects of the before and after lunch prices diving situation obvious, end dish of single out a small profit empty market rebound and gain Yin cross, a small volume rises, open a small drop volume, KDJ index is still maintain in the super buy area, MACD index down and gently open to narrow.
 
May 18, 4079 RB1210 opened contract main rebar, maximum 4084, minimum 4052, end dish closed at 4074 yuan/ton, volume 686552 hand, reduction of the 1520 open hand.
Macro information:
 
1, wen jiabao: BaWen growth in a more important position. May 18 to 20,, the standing committee of CCCPC political bureau and the state council, premier wen jiabao in wuhan economic operation condition investigation and presided hebei, liaoning province, jiangsu province, hubei, shaanxi province of guangdong, six economic situation forum. Wen jiabao said, in China's current economic operation overall smoothly, economic growth is still in the expected goal interval, but economic and social development of the domestic and foreign environment faced more intricate. To carry out the WenZhongQiuJin total fundamental key, deal with properly maintain fast yet steady economic development, the adjustment of economic structure and managing the relationship between inflation expectations, to implement the proactive fiscal policy and prudent monetary policy, BaWen growth in a more important position. The operation of the economy to appear in the new situation, the new question, have specific aim to strengthen and improve macroeconomic regulation and control, timely moderate presetters fine-tuning, expanding domestic demand, stable economy, promote fast yet steady economic development.
 
2, steel society for 13 weeks inventory decline, still of over 16 million tons.
 
According to the investigation and statistics inventory, end on May 18, 2012, the national 26 main market five big steel varieties (rebar, wire, hot rolling plate roll, and cold rolled steel and plate) social inventories for 16.145 million tons, a week before a fall of 229000 tons, for 13 weeks inventory decline by have somewhat expanded. Compared with the same period last year (May 20, 2011), total inventory is more than 1.17 million tons, the rebar and wire total stocks than the same period last year more than 1.636 million tons, growth are amplified again.
 
3, iron ore port stock down to 97 million tons below. According to iron ore port inventory statistics, by 2012 on May 18,, the national 30 major ports for 96.67 million tons of iron ore inventory amount, a week before a decrease of 400000 tons, the situation is still defined range bound continued.
China steel nets point of view:
 
Due to the average daily line 5 near pressure is clearly, period steel not last rebound, however early may create crude steel historic highs, market supply situation intensifies, affected by this, period steel diving situation obvious, but with empty decrease a storehouse are relatively obvious, the empty both sides in 4070 near a line close, go situation is relatively weak, steel is expected today will shock stage, with a focus on the average daily line 5 pressure and today there whom, and today in building materials market parts will also slightly lower.
 
Terror Suggestions:
The empty advised investors to single rely on five daily line holding, days. Sell every high, low rushed the full.
China steel nets: ZhangHaiTao contact phone number: 15713686332
China steel nets futures channel url: http://qihuo.steelcn.com/
Disclaimer:
 
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