In late May, the country the steady growth of good policy was to stimulate the rebar of price rebound, but only a psychological boost for policy expectations in the short term does not change the status quo of steel market oversupply. Current steel market is still facing greater pressure on steel prices has not yet formed at the bottom of the rebar will be dropped to hit new lows in June and July.
GF Futures: Shanghai steel to maintain the short selling of thinking
Consumption is difficult, significant improvement in crude steel production to maintain high short-term supply and demand of construction steel is still weak. The pre-positive did not significantly boost the Shanghai steel trend, Shanghai steel is still in a bear market, the Shanghai steel rally will be difficult to continue. Operation, to maintain the short selling of thinking, concerned about the 4100 first-line support.
New Lake Futures: European the debt Zaixianbolan of steel to return to 4100
Today rebar prices is still subject to the debt crisis in Europe. Spain yesterday to accept the EU assistance, but received aid conditions are significantly relaxed, incurred by Ireland, Portugal and Greece, the three European pig dissatisfaction, coupled with the euro zone's third largest economy in the Italian economic situation worse, at any step of Spain followed the possible market resurgence of the situation in the European debt concerns about the emotional. With the Greek general election approaching, it is expected that the European debt problem is still one of the leading factors in the impact of steel price short-term fluctuations.
Jilin Grain futures: Europe debt worries heavier thread Tiaokongdikai
12, rebar prices low volatility. Steel main contract rb1210 reported to open 4103, opened sharply lower after the rapid decline, the price is once again back to 4100, throughout the day to the main shock; plate between the price was trying to move up, but all failed. Transactions and positions flat with the previous day, 720 776 hand positions to lighten up the 4442 hand; turnover of hand 712 798, an increase of 30,330 hand.
Wanda Futures: Market still replenishment needs, long thread ideas can also be maintained
Railway fixed investment rate of decline began to slow down, look forward to the expected future demand, as well as the national inventory of steel for 16 consecutive weeks of decline, the decrease began to slow down, the market demand for replenishment; technically threaded open lower around 4100 support shock finishing, continued to show a short-term price shocks weak state, operating on thread 1210 contract concerned about the support level of 4080 near, it is advisable to keep the mid-Every callback to do more than ideas.
Investor Futures: thread continuation of volatile activity interval 4060-4120
Tuesday, the the rb1210 contract once opened low, but on the 20th line of the existence of some support. After the news last weekend, the Spanish banking sector get assistance yesterday, commodity futures generally upstream or surprising, but today the risk of changes in mood fast. This also shows that the market is still in a cautious state can not be blindly optimistic. Operational recommendations, 4060-4120 short-term trading range.
A new era of futures: thread continuation of the shock is short more than continue to carefully holds
International environment, there are many uncertainties, the trend of the commodity market caution; fixed assets investment up in May, last week was detected in 40 cities in the turnover of the property market, the 32 cities rose gradually increasing, the steel market fundamentals are favorable factors, the positive expectations Steel City brought a glimmer of a chance to recuperate, but more likely I expected, actual demand is not substantial improvement, the thread of price shocks in the short term likely to recommend short and more continue to carefully holds.
In financial futures: rebar bear market will continue to
Yesterday rebar speculation Monday once again return to 4100, the release of liquidity still can not change the structural issues of economic growth, the global economic downturn, the internal and external demand can not be improved, rebar bear market will continue.
Hongyuan Futures: Shanghai Steel remain volatile ideas
Shanghai Steel on Tuesday morning open days within a narrow range, the market long and short divergence close to return to the 4100 mark. Spot, the northern markets offer slight fluctuations in the south with the arrival of the rainy season, the transaction will continue, in the doldrums. Operation, keep the shocks thinking today concerned about the support 4080, pressure 4130.
Shanghai medium-term: rebar short-term continuation of the consolidation of thinking
Continuation of weak finishing low after the opening of most varieties of the commodity markets today, the long and short of rebar futures main 1210 contract continue to fight, the lower to become stable after some touch on the 20th near the average, the futures prices in general continued the finishing situation. Surrounding the situation is not yet stable, rebar futures short-term run up to reveal weakness, short-term continuation of the consolidation of thinking early single relying on the 4100 first-line holds.
Southern Futures: rebar previous period single may be appropriate to leave the market
Recently a number of infrastructure projects have been approved to start, and the People's Bank of China unexpectedly cut interest rates the market, all believed to contribute to the real estate recovery, or contribute to the thread mid-strength. Today threaded low opening shock, when Zhong Pan, the the thread futures prices back to pre-transaction-intensive areas and later the market will probably fluctuate in the 4000-4120 interval, for security reasons, the previous period single may be appropriate to leave the market, futures prices close to 4000 re-enter the market, more than a single point of 4000 the final flesh.
China steel net point of view:
Although the market in yesterday, opening soon on below the 4100 mark integer, however, near the 20-day moving average support strong of steel downside is limited, however, indicators of short-term kdj high adhesion downward trend, showing bullish upside weak, is expected today of steel in the vicinity of the 5-day moving average within a narrow range, focusing on the effective support of the 4100 first-line today in parts of the building materials market is expected to slightly pull up.
In summary, in the current macro-economic trend in decline in the steel market is still facing great difficulties. Expected the second quarter of macroeconomic continue to fall, after the second quarter macroeconomic bottomed out, and is expected to achieve a u-shaped recovery. But the disadvantage of the current macroeconomic instability and weak demand dragged down steel prices down, steel prices has not yet formed at the bottom of rebar will be dropped to hit new lows in June and July.
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