Although domestic steel stocks consecutive 17 weeks decreased, but the supply pressure of the steel market is still difficult to effectively alleviate. Rapid diving steel prices since August 2011, China's domestic steel prices began to enter the long "bear market". This year, the price curve of the domestic wire rod, rebar and other eight varieties showed a continuous downward trend. Insiders said that the sluggish demand of downstream industries and steel industry overcapacity, market downturn, the crux of the expected July Steel City will continue to run in the bottom.
 
GF Futures: Shanghai Steel long-term empty holds a single
 
The previous day's Shanghai steel rebounded slightly. RB1210 income in 4085, the previous day's closing price of 22 or 0.54 percent, positions decreased 55,000 lots to 713,000 hand, reduced trading volume of 105,000 lots to 380,000 lots.
 
By Yi Futures: of steel continuation of the weak, and continue down
Under the influence of the continuous rainfall in the Dragon Boat Festival, the market demand is again dropped. In the early rebound after the steel has been the resumption of production, market supply and demand is still in the accumulation. The current point in time, tight credit years the steel of the forecast period will continue for a weak test of 4050.
 
Shanghai Futures: Steel Note the empty single intervention opportunities
The 1210 contract of the steel futures, the main weakness of today finishing positions significantly reduce the spot market is still weak, most provinces in the spot price continued to call. Parties in the market for the latter trend is not optimistic that the current near distal shift position in the process of the steel main contract spreads upside down, far away the signs of weakness, the main short side continued holdings of the 1301 contract, pay attention to the empty single intervention opportunities.
 
Hon Hai Futures: Short-term rebar futures continued consolidation finishing
 
Disk rebar futures this morning 1210 to reduce positions rebounded, but not beyond 4080 resistance, red remained weak. Disk point of view, rebar futures is still in the situation of the short side, the lower part there is still room, but the 4050 first-line support for a strong EU summit before the end of trading cautious investors, short-term rebar futures or continuing consolidation finishing.
 
Germany futures: thread vulnerable converting to change the empty single continue to hold
 
The rb1210 contract yesterday shocks received high of price stabilized rebound, and 4080 front-line. Weak euro-zone economic data, meaning the West yields still high, the market pressure, although the EU summit intends to launch a ? 120 billion growth plan, but for ease market concerns about the emotional effect may be limited, the debt crisis in Europe is difficult to make substantive progress and thread spot is the continuing weakness of price support weakened, the rebound should be cautious. Concerned about the 4080 first-line operation, if a firm, empty only surplus departure is appropriate; if the next break, empty single continue to hold.
 
Hongyuan Futures: Thread of weak shocks concerned about the 4060-point support
 
Thursday Shanghai Steel days within a narrow range, pulled up late to lighten up, closing at 4085. From the point of view of overall shipments, due to the pessimistic mood, continuous rain, the downstream aspects of procurement are not enthusiastic about merchant shipping difficult, very slow pace of market resources into the market. Operation, remain weak shock thinking today concerned about the support 4060, pressure 4100.
 
The Zhongzhou Futures: the rebar pre-empty single spread income out of the market
 
Rebar futures stop falling rebound, June 28, RB1210 futures prices opened flat at 4067 yuan per ton, Zhongpan offer close at the plate price is 4085 yuan per ton, compared to the settlement with the previous trading day trading price up 18 yuan per tons, or 0.44%. Turnover of 379 936 hand positions to $ 54,808 hands to 713,198 hands.
 
Guotai Junan Futures: thread disadvantaged still suggest that the bearish operations
 
Thread 1210 benchmark contract opened higher throughout the day within a narrow range late lighten up, to close out the candle, disk funds cautious. Positions in terms of the June 28 thread 1210 the main contract, the top twenty seats more than a single reduction of 16,012 hands, which the Haitong futures seats holdings of 4423 hand; empty single reduction 16,692 hand seat of Zhejiang Yong futures holdings of 10,075 hand . Position status ones.
 
China steel net point of view:
 
Although by the positive U.S. economic data yesterday, of steel to lighten up a slight rebound, but due to the long and short stalemate, the amount can be reduced, upstream of steel power shortage, coupled with the overnight outside the disk Pudie, affected, is expected today of steel or the shock downstream. focus on the 5-day moving average of the effective breakthrough, and today the prices of construction materials as a whole will also maintain the decline.
 
National Society of steel inventory for 17 weeks decreased Nevertheless, compared to last year, steel inventories are still higher than the 1.11 million tons, rebar and wire rod of the total inventory of 1.63 million tons higher than the same period last year. Insiders said that the inventory decline has been slowing down, coupled with a crude steel production remained high, the market supply pressures continue to increase, making the steel oversupply situation difficult to have significantly improved. Steel City in July will be at the bottom of the shock, the process of looking for a breakthrough.



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