Last week (June 11 ~ 15), the overall domestic steel market is relatively calm, the construction steel market trend is slightly stronger than the sheet metal products, parts of construction steel prices edged higher, cold rolled coils, the plate is still relatively weak.
The central bank announced to cut interest rates last Thursday, May CPI, PPI, fixed asset investment, real estate investment, industrial added value and other economic data released over the weekend, are biased in favor of neutral. The central bank announced interest rate cuts, the market expectations of the May economic data may be relatively poor, did not appear, but it is not ideal, the May data slight decrease compared to April, the domestic stock market last week did not set off a larger waves. Steel futures market is relatively calm, and around the steel spot market also remain relatively calm movements, part of the early decline in dark city construction steel prices rebounded, while parts of the plate, cold rolled coils performance is still weak, continue to fell. Remarkable Greek second general election results next week, the current situation the conservatives to win the possibility of recent international and domestic capital market, the better the possibility of greater will be the steel futures, spot The market is a certain pull, next week, the domestic steel spot prices is expected to climb slightly.
Construction steel
Domestic construction steel spot market price last week, the trend is relatively stable in most parts of the price changes are not only the price of Chengdu, Guangzhou and other major cities due to pre-deeper decline in the prices of 50 yuan (per ton, the same below) about rebound in other areas of price fluctuations in the range of less than 20 yuan. Hebei Iron and Steel Group last week, Sha Steel issued a guide price policy in mid-June, in the recent market prices little changed circumstances, the two leading steel guide price remains stable.
Monitoring shows that, as of June 15, 10 key cities the Φ25mm II grade rebar average price of 4079 yuan, up 7 yuan over the same period the previous week and year, down 17 yuan over the same period the previous month; price change last week, all the leading cities each other now, Chengdu, Guangzhou market price respectively, compared with last week over the same period rose 70 yuan and 50 yuan, Hangzhou, Xi'an, prices rose 10 yuan, down 10 to 20 yuan price than last week in Beijing, Tianjin, Shanghai, Zhengzhou, Shenyang, Wuhan price of remained stable. 10 key cities the Φ25mm III grade steel average price of last week over the same period rose 8 yuan to 4173 yuan, down 24 yuan over the same period the previous month; Chengdu, Guangzhou market price up 50 yuan and 30 yuan respectively, compared with last week, Beijing, Hangzhou Xi'an market price last week was up 10 to 20 yuan, Shanghai, Shenyang, Wuhan market price is unchanged from last week. Φ6.5mm high line the average price of 10 key cities last week over the same period rose 6 yuan to 4085 yuan, 50 yuan over the same period fell from last month; Chengdu, Guangzhou price is higher than last week, up from 40 to 50 yuan, Beijing, Hangzhou prices up to 10 yuan, Shanghai, Xian, Tianjin, prices edged down 10 to 20 yuan, Shenyang, Zhengzhou price changes.
As time progresses, most of the country the rainy season, which had a definite impact on markets around the transaction status. Although the National Bureau of Statistics May crude steel production has declined, but the access speed for two consecutive weeks slowdown in domestic construction steel inventories fell to June. Data show that as of June 15, the country's 29 major city building steel community inventory reached 8.2824 million tons the previous week and over the same period decreased by 98.7 thousand tons, a decline of 1.18 percent, 9.94 percent drop in same period last month, rather than last year Over the same period is still higher than 19.67%. From the cities, the northern-led city inventory of 625,200 tons the previous week and down 0.56 million tons, a decline of 0.88%;
Tianjin inventory of 396,200 tons the previous week and down 0.26 million tons, a decline of 0.65%; Shenyang inventory of 580,000 tons the previous week, a decrease of 50,000 tons, a decline of 7.94%. Southern-led urban Shanghai stock of 528,000 tons, down 0.2 million tons more than last week, a decline of 0.38%; Hangzhou inventory of 514,000 tons, down 0.4 million tons, a decline of 0.77%; Guangzhou inventory of 695,000 tons, down 5.5 million tons more than last week. a decline of 7.33%. From the large area last week northeast stocks fell the most, 5%; North China, Central South China stocks fell about 2 percent; east, southwest and inventory change, Northwest stock increased by nearly 5%. Are marked slowdown in domestic steel vane area north, east and inventory deceleration, especially the rate of decline of the key cities of Beijing, Tianjin, Shanghai, Hangzhou and other inventory at the same time a substantial slowdown, and that the downstream demand intensity is subject to seasonal changes slightly weakened, which and adverse market outlook.
Macroeconomic data released over the weekend of May is not too bad, better than the market before the expected last week, the domestic stock market overall trend of performance for the shock upstream, some support steel futures, steel spot. Friday's close at 2307 points, the Shanghai Composite up 26 points from last Friday, rose to 1.14 percent; the Shanghai Futures Exchange rebar 1210 contract closed at 4122 yuan, up 14 yuan from last Friday, or 0.34 percent.
Sheet
Last week, the domestic plate market prices continue to remain weak running around the hot rolled coil prices stabilized, only a small part of the region a slight price decline. Cold rolled steel plate market is still weak, but the overall decline has slowed considerably. Last week, Baosteel, Wuhan Iron and the two steel mills introduced July sheet product prices, Baosteel hot-rolled, cold rolled coils prices before tax cut by 200 yuan, Wuhan Iron and Steel hot-rolled, cold rolled coils prices before tax reduced by 150 to 200 million. However, market prices have been significantly lowered, Baosteel, Wuhan Iron and Steel prices are the complement tune on the spot market price fell, so did not have a greater impact on the spot market.
Hot rolled coil, according to the monitoring shows that, as of June 15, the 10 key cities 5.5mm hot rolled coil average price of 4167 yuan over the same period the previous week and down four yuan, down 60 yuan over the same period the previous month; The week in Beijing, Tianjin, Shanghai market prices than last week over the same period fell from 10 to 20 other cities in the price remained stable. Inventory, according to the data show that, as of June 15, the total inventory of hot rolled coil of 29 key cities reached 4.1244 million tons, an increase of 04,900 tons the previous week and year, an increase of 0.12 percent last month year down 3.74 %, 13.2% lower than the same period last year. Southern-led urban Shanghai stock of 1.09 million tons, unchanged from last week based on; the Guangzhou inventory of 77.5 million tons last week by 12,000 tons, an increase of 1.57%. Northern-led city of Tianjin market inventory of 30.5 million tons, down 2.5 million tons the previous week and year, a decline of 7.58%; Handan 13.29 million tons, an increase of 06,100 tons, an increase of 4.8%.
Aspects of the cold plate, as of June 15, the 10 key cities 1.0mm cold rolled coils average price of 4990 yuan the previous week and over the same period, down 19 yuan, down 134 yuan over the same period the previous month. Xi'an, Wuhan market prices last week than last week, down 50 yuan, Hangzhou, Guangzhou, Chengdu prices than last week, down 30 yuan, and other cities in the prices remain stable. Inventory, as of June 15, inventory of 24 key cities in cold rolled coils 1.63 million tons the previous week and down 1.04 million tons, a decline of 0.63%, down 1.41% in same period last month, down 2.6 percent over the same period last year .
Greece ushered in a remarkable second general election, polls show the Conservatives won the election, most Greeks do not want to exit from the euro affected the Greek stock market rose 10 percent on Thursday. If, as polls show the results of the conservatives win, the possibility that Greece withdraw from the euro area will be greatly reduced, which will be conducive to the stability of Europe and the United States stock market, futures market.
Once the radicals win, it will be difficult to measure the impact of global stock markets, futures markets. Let's wait for the results came out. Nearly two weeks since the main varieties of the domestic construction steel, hot rolled coil, billets, steel strip, profiles, such as the price of steel base stopped the pace of decline in some areas, a rebound phenomenon, the overall market mentality to stabilize market transactions based on the normal. Expected recent domestic stock market, the steel futures market will be fluctuations in the rising trend of the main steel spot market prices will be reflected.
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