June 25, according to monitoring data, the major domestic construction steel market prices last week (June 18-June 22), a slight correction. As of June 21, the country's 48 major markets 25mm standard two rebar average price of 4165 yuan / ton, down 11 yuan / ton, compared with the previous Friday. The Shanghai region in steel prices for three consecutive weeks sideways, quality product two rebar has fallen below 4000 yuan / ton mark, reported up to 3950 yuan / ton, quality product three rebar price of 4090 yuan / ton. At the same time, slowing down inventory pace continued this year.
SW Securities steel industry weekly published on June 25 Last week, steel prices continued the downward pattern, a slight rebound in iron ore, all varieties of Maori continued downward.
According to the China Steel Association statistics, the average daily crude steel production of the key steel enterprises in early June, 1.6847 million tons, the mid-ring growth of 4.5%; the national forecast the crude steel the average daily output of 1.9994 million tons, the mid-ring growth of 2.03 percent. The average daily crude steel production of the key enterprises in early June and May, in mid-production was essentially flat.
The demand side, in most parts of the country is currently facing high temperatures and rainy weather, the market demand downturn trend is hard to change, market supply and demand of crude steel production running high will further aggravate.
Inventory, data from recent weeks, the country's total inventory decreased slightly, steel, cold plate inventories continue to decline, but the wire, hot-rolled, plate stock rise. The steel stocks decline in the pace of slowing down.
As of June 22, wire rod, rebar, hot rolled coil, cold rolled coils, plate five varieties comprehensive inventory of the total 15,740,400 tons, a decrease of 04,700 tons, a decline of 0.03%.
On the whole, the domestic steel production is not obvious signs of market supply and demand contradiction is difficult to alleviate. The recent market funds face again strained, while the euro zone debt crisis still face greater uncertainty risk, confidence in the domestic market is still relatively depressed. The domestic steel prices also remains to be seen to be strong, is expected to will remain the consolidation run.
SW Securities report said the rebound in crude steel production, the fundamentals remain under pressure. Crude steel in early June average daily production rebounded to 1.9994 million tons, than previously expected, in addition to gradually enter the off-season due to weather factors, industry, iron and steel industry is still optimistic about the fundamentals.
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