Futures: Today, the main 1210 rebar contract intraday fluctuation is midday trading to close at 4073 yuan, inched up 0.15 percent, At the present the main gradually transferred to the far month 1301 contract early 1301 contract slightly downstream, midday to close at 4044 yuan, down 0.15%, the coke, the main 1209 contract the continuation of the downtrend, the midday close at 1663 yuan, down 1.42 percent.
Spot:According to china steel net spot data show that in some areas prices continue to fall, the mainstream of Shanghai, Tianjin and other places will remain stable, the Shanghai region three rebar to continue at 4160 yuan/ton, Tianjin region three rebar at 4140 yuan/ton.
Raw materials: 63.5%/63% Indian iron ore prices to loosen slightly by 0.5 U.S. dollars to 141.5 U.S. dollars/ton, the domestic Hebei Tangshan Coal Mine price is maintained at 1150 yuan/ton.
Inventory: from mid-March, China's major cities of steel stocks started to enter to the inventory channel, the first weekend in key cities rebar inventories for 16 weeks declined, the cumulative digest steel 1.8 million tons, but the hot rolled stock 16 weeks to the inventory, for two consecutive weeks to increase, following the hot coil to the inventory after the interruption, the wire stock last week but also the end of 15 weeks in a row downward trend, a slight increase.
Usually into July and August, affected by weather factors, such as Southern rainfall and northern high temperature downstream of the real estate industry, the construction schedule will be affected to some extent, there will be signs of slowing down, is expected to post rebar inventories will also rise, not fall. Still excess production supply, the product stream running under the background of the domestic market to the inventory process termination will result in rising inventories and depress steel prices up space.
Needs: about to enter summer in July, from the time point of view, steel basic enter the lowest point of the seasonal demand period. With the advent of the seasonal high temperature wet periods, outdoor projects in the construction progress is greatly slowed down, at the same time cause further sharp drop in demand for steel; In other words, in a time of about 1 to 2 months in the future. Steel City will be a new fundamental demand for vacancies of; However, to protect the housing market whether fatigue, such as the same period in 2011, I basically does not have any idea.
Production capacity: According to the China Steel Association statistics show that 1.6847 million tons, the average daily crude steel production of the key steel enterprises in early June, mid-ring growth of 4.5%; the national forecast the crude steel daily output of 1.9994 million tons, the mid-ring growth of 2.03 percent. Among them, the sheet metal inventories unexpectedly fell to l, the amount of current sheet stock for two consecutive weeks to rise.
Steel: the nation's major steel mills in the 27th a total of 10 published price adjustment information, the number of price adjustment steel decreased slightly from the previous day, the price again fell across the board. However, construction steel fell slightly narrowed from the previous day, the plate decreases slightly expanded.
Among them, the steel mills in the above eight pairs of construction steel products to adjust prices extended losses have dropped from 10 yuan/ton to 60 yuan/ton range. In addition, there are two steel plate prices to adjust prices continue to fall, have dropped from the range of 80-140 yuan/ton.
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