At present, businesses wanted to know when such a depressed steel market to come? when can the steady rise in steel prices? I think in the short term, Fundamentals of steel city bad is difficult to digest, and macro many uncertain factors, expect at least one or two months in the market are difficult to see and so, businesses need to be prepared for long-term campaign.
"Steel industry"
Futures: screw-thread steel narrow fluctuations in the main contract of 1210, midday close at 4,113 Yuan/ton, or 0.42%, narrow fluctuations in the main Coke 1209 contracts, midday close at 1809, or 0.33%.
Spot market: among individual regions have mixed things most places offer a smooth, three in Shanghai-class screw-thread steel continues to 4,160 dollars/ton, three-stage screw-thread steel fell $ 20 to 4,130 in Tianjin area Yuan/ton.
Raw materials: iron ore prices remained stable for the time being, 63.5%/63% India powder to 137 dollars/ton, made in Hebei Tangshan mineral prices continued to 1080 Yuan/ton, and flat yesterday. Shipping charges, the Baltic dry index of shipping iron ore due to concerns about economic and low trading volume, make it 10 consecutive trading days fall in a row, now reported to 878 points, or 2.88%.
Inventory: society of steel stocks continued to fall. June 1 key urban social inventory totaled 15.615 million tons, 917,000 tons less than same period last month, but rise 1.191 million tons over the same period last year. Major social inventories continued to decline, however cold is not apparent, midplane reduced inventories the month before. It is understood that markets such as Shanghai, Tianjin, Beijing, arriving there has been a marked increase in the near future, although in early market weakness, however, steel production has not significantly reduced.
Capacity: steel production is still high at mid-on May, steel production is still not clear. CISA statistics, mid-May, and on average daily output of crude steel and 204 tons, respectively. According to the survey, currently produced threaded steel of small and medium private enterprises may be slightly reduced, but reduction in plate production line maintenance of large and medium-sized iron and steel enterprises is still not clear. Therefore, overall decline is not obvious.
Requirements: low season approaching, national policy to benefit continuously, demand is expected to improve in the late. Due to the effects of internal and external economic environment, growth in April for downstream sectors continuing decline, on the national ministries of stimulus frequency in the near future, primarily in the transport, energy, water conservancy and other infrastructure needs a lot of areas, steel market will also benefit. While ministries recently issued Huimin project implementation rules, energy-saving products, significantly boosted market confidence. Despite entering consumption season, however under the national policy of stable growth, lower demand is expected to improve in the late.
Steel plant: June 2012 the major steel mills up for ex-factory price, can be divided into three types: 1, strong flat plate type. Bao Steel, for example, has maintained three months flat, with the exception of 200-500 Yuan/ton of offers for April to 5 June only 200 Yuan/ton of grain oriented silicon steel by none other, other varieties remained flat. 2, stable-small drop. WISCO, for example, declines in June in 0-100 Yuan/ton. Nature of case 3, Ming drop. Anshan, for example, all varieties of fall in June Yuan/ton, while giving 30-70 Yuan/tons of none other, protocols produced by farmers as a result of the market hung upside down in the early to make up for the loss. Steel factory-price policy in the April high nature of case, low hanging don't May, until after the June drop nature of case of the Ming dynasty, markets have been the.
"Bodies"
East Asia Futures: yesterday rebar continues to slightly rose, price station Yu short-term averages above, but long still is not has sharply followed up of action, June gradually will entered high temperature more rain of season, needs usually will gradually go weak, this year can by policy effect needs has improve, also needed observation, in currently needs also no sharply merchant of situation Xia, plus both at home and abroad economic environment of poor, rebar opened new a round rally of probability partial small, above pressure 4120-4150 Yuan near, below support in 4,000 Yuan near, Short steel prices or will be rangebound here, power to seek a breakthrough.
China Steel net view: high temperature and the arrival of the rainy season, coupled with the steel production power weaker, expected month of June is destined to be a bland, so merchants don't have high expectations. In fact, as far as I know, many businesses may not be as "poguanziposhuai", however, the negative response, be hapless businesses are many.
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