About to enter summer in July, from the time point of view, the steel city to enter the basic seasonal demand during the lowest ebb. 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.
Our point of view clear, may be a further weakening in demand fundamentals, the Steel City in July; steel thus produced to the inventory to continue to slow down; or will result in steel prices continue to be easy to fall hard up, but I do not exclude part of the middle bargain-hunting adventure providers in this period to buy the dips caused by short-term price rally.
Demand in the doldrums, June crude steel output to pick up again to more than 2 million tons high; major state-owned steel enterprises under the administrative requirements had gone against the tide high production, thought to maintain good economic data to prepare to meet the eighteen large held all the maintenance of stability, making the domestic steel production can only remain high; state-owned steel enterprises take the initiative to cut the insured is basically less likely to want within a short time.
Future demand side will get better, from the current economic point of view, it is difficult to hold the expected very good, analysts believe that early July, the upcoming release of the possibility of the national manufacturing PMI index continued to decline in June; at the same time China's steel exports soaring sharply in May in the West facing poor economic situation in Europe and the United States and other trading nation continue to implement various types of steel anti-dumping investigation is bound to highs; temporarily difficult to alleviate the pressure on domestic steel supply.
From the current economic situation, in July, steel prices will bottom of the trend, due to the end of June in the semi-annual financial cycle, the enterprise back section of the pressure, coupled with the pre-steel pricing advantage, only to accelerate the selling stock, driving down the market. the price later to get a better settlement price as the only choice for many traders. July the first half of the end of June, the steel price trend will continue for accelerated bottom.
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