Steel prices again hit new lows down. June 27, the Shanghai Futures Exchange rebar futures continuation of decline, the main 1210 contract closed at 4063 yuan per ton from the early 3996 yuan per ton low stone's throw away.
Rebar futures began to hit 23 May 3996 yuan per ton, entered a bottoming process. "Tang Jiabin judgment, an analyst at Everbright Futures," after the rebar futures rose only an oversold bounce, which is destined to The rebound height is limited, the industry chain from the point of view, the steel city is still in the doldrums. "
Medium-term futures analyst Huang Huiwen said in an interview with the "International Finance reporter: June 20, the rebar futures rebound per tonne to 4150 yuan, the price has become a high point of the steel price short-term."
Rebound after the end of the market participants that steel prices difficult to pick up longer period of time will be repeated shock bottoms.
From the industry cycle, the peak season of the steel industry can be used "golden nine silver ten" to summarize. July-September coincided with the height of summer, the temperature rise around the operating rate must be reduced, this time often is the traditional off-season. In addition, the constraint on rising steel prices, the biggest obstacle is still the macroeconomic regulation and control of the real estate market.
Since March, the real estate market turnover has to heat up, prices have rebounded, but the extent is more limited. "Ultimately, the purchase of policies that hinder investment in housing demand, no signs of relaxation of the regulators of the real estate macroeconomic regulation and control, and even market rumors of more local government property fine-tune the action coefficient was stopped. Can be predicted in the short term real estate market will not large and loose, and thus can determine the demand for steel is difficult to have a big improvement. "Tangjia Bin said," coupled with the recent weakness in the international iron ore prices, domestic port inventory high, the cost of steel prices lost support, so the third quarter steel prices not contribute much. "
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