The steel city market performance not good short-term continues to inquire about the base
　　
Although short-term macroscopic policy advantage good news repeatedly, but in June first week domestic steel city weak trend shape has still not had has a new look, steel mill underproduction dynamics is insufficient, but the demand enters immediately the off season, the supply and demand does not have the substantive alleviation contradictory, simultaneously the market pessimistic psychology continues to spread.Up to June 8, the synthesis alloy steel price index is 4304.71 points, the circumference ratio falls 0.31%, compared the last month same time to fall 3.54%.Last week the central bank accident reducing the interest rate refraction economic environment was not good, raises inspires the function to be relatively limited, its psychological anticipated function was big, the short-term was unable to change the steel products effective demand to transfer the weak tendency, simultaneously recently one after another appeared the trimming measure effective still needed the time, in addition questions and so on periphery Greece, Spain unresolved, the capital market faced the test, the domestic steel city will also continue to search the bottom.
　　
The output dropped still occupies the top digit steel mill stock to pile up gradually
　　
Because throws newly constructs produces can release one after another adds on before this the market to anticipate to good, since the beginning of the year our country thick steel output month by month has promoted, and sets the record of the daily output history new high level 2,019,000 tons in April.After enters May, although the market appears glides down obviously, but the steel mill production warm still does not reduce, only thick steel output appears the small scale in the late May to recede.According to the State statistical bureau most recent news, in May our country thick steel output is 61,200,000 tons, the same ratio grows 2.5%; The same month thick steel daily average output 1,974,000 tons, the link compared to reduces 2.2%, after rises April to recede for the first time continuously, but this level still was in the historical high position.But the market glides down in the process, the steel mill stock also appears the obvious increase, cooperates the statistics according to the steel, closure at the end of May the key enterprise steel products stock is 11,490,000 tons, compared the last month to reduce 8.5%, but compared beginning of the year still grew 34.3%.
　　
The market price hangs upside down has not had the improvement contract organization progress to be slow
　　
Although each big steel mill declined in June to order one after another the price, but the market price hung upside down the situation not to have the distinct improvement actually.Take the hot volume as the example, 7 hot volumes lead steel mill in July the resources average to the Shanghai cost price 4256 Yuan/The ton, outdoes the current market price 120 Yuan/About ton, even if is counted partial steel mills three months to accept exempts the deducted interest policy, the overall still had to hang upside down 50-60 Yuan/About ton.In this situation, in June one by one leads the steel mill contract organization progress to compare the previous month to slow down obviously.Take Wuhan Steel Corporation as the example, the closure on June 5, the hot volume contract completes about 88%, the cold rolling, the galvanization completes basically, the color spreads completes about 50%.But Baoshan Steel Corporation in June the cold rolling contract progress also only then heals until the beginning of the month, before then common contract month on in every month in front of bottom has completed.
　　
Production cost obvious drop market support dynamics is weaken
　　
Since the second quarter the ore price overall has presented falls the trend, considered the steel mill raw material stock maintains basically in 1-1.5 months, future the steel mill production cost gradually under will move, will weaken to the market support dynamics, simultaneously will also cause the steel mill to have certain reduction space.But recently the ore price appeared the small scale resilience, only was ultra falls after technical adjustment to the earlier period, because the harbor stock was high also the steel mill purchase is still in favor of discretely, also with difficulty had the reverse quotation temporarily.The closure on June 8, the Chinese iron ore spot price index (CSI) synthesis fine ore is 126.3 US dollars, compared the last week same time to fall 1.09%, in which import fine ore falls 1.01%, the domestically produced fine ore falls 0.76%.




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