The recent steel market demand as the biggest factor leading to the weak steel market and steel down the ex-factory prices, adverse economic production is exacerbated by the market to weaken further. The author believes that since the demand for half past one would be hopeless, it can only count on the steel mills brother cut bailout. However, expectations of normalized expectations, the reality is very helpless, steel brother, or could stay, expected to cut the bailout is not so easy.
【Iron and steel industry information】
Futures aspects: the rebar the main force of contract RB1210 in the rose sharply driving force of insufficient under the premise of, the today to maintain low-order to stabilize the Interval concussion pattern of, closing price of reported that to close 4110, an rose of 0.15 percent compared with the the previous trading day settlement price of.
Spot market: According to the China steel net survey, the nation's major urban construction steel market was steady run, the market demand has been busy, weak transactions, price fluctuations in space is very limited, while the business is not high prices are expected to now stable The price is the dominant ideology of most businesses. Mainly short-term construction steel market prices or are still vulnerable consolidation is expected.
Raw materials: the opening this morning, Tangshan billet prices stable, the local Carbon 150 billet 3580 yuan / ton, 165 rectangular billet 3610 yuan / ton, low-alloy billet of 3700 yuan / ton tax factory, Chang the Lipu billet cash taxes to send 3600 yuan / ton, the bare price of 3420 yuan / ton.
Inventory: According to statistics, June 8th week, the social stock of rebar 6.8927 million tons, compared with 7.496 million tons in early April to come down significantly. However, the inventory decline apparently slowed down to reduce 15 million tons slowed to now only a week to reduce less than 50,000 tons from the pre-weekly. Social inventory deceleration to slow down the release and downstream consumer malaise proof is the steel industry capacity. Entered the consumer off-season with the south-east into the rainy season, south of the rebar market, from the experience of the past year, steel inventories will gradually slow the downlink to transfer away from the flat state. If the latter remains now ample supplies and weak demand state, the social stock may rebound, and a downward pressure on steel prices.
The demand side: It is understood that this year's Dragon Boat Festival and the summer solstice after another, construction sites and factory prices of steel terminals are faced with the grim environment of extremely hot weather. Even a large number of steel demand in the market, but the the helpless outdoor workers need to avoid high-temperature operation, to prevent heat strokes, and duration of progress can not be fast leap. In the context of macroeconomic encourage the development of the automobile and household appliance manufacturing industry, steel is still the potential demand, but no significant progress.
Capacity: According to the National Bureau of Statistics, China's crude steel and steel products in May were 61.23 million tons and 81.67 million tons, an increase of 2.5% and 6.3%, average daily production of 1.975 million tons and 2.635 million tons, the chain decreased by 2.2% and 2.5% respectively. According to CISA statistics, the key steel enterprises in late May crude steel average daily output of 1.6122 million tons, the mid-ring decreased by 4.72%; the national forecast the crude steel daily output of 1.9596 million tons, the mid-ring fell 3.92 percent. Visible in the aggravating circumstances of the loss of steel production, maintenance began to increase, the current weak domestic steel market will be a certain good.
Steel mills aspects: According to the data show that, the June 8 as a In So far, the rebar of the social inventory 6.8927 million t, compared with the 7.496 million t of early April, come down significantly. However, the inventory decline apparently slowed down to reduce 15 million tons slowed to now only a week to reduce less than 50,000 tons from the pre-weekly. Social inventory deceleration to slow down the release and downstream consumer malaise proof is the steel industry capacity. Entered the consumer off-season with the south-east into the rainy season, south of the rebar market, from the experience of the past year, steel inventories will gradually slow the downlink to transfer away from the flat state. If the latter remains now ample supplies and weak demand state, the social stock may rebound, and a downward pressure on steel prices.
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