The domestic steel market has the typical characteristics of the supply and demand stalemate tons of steel prices in June the average up and down fluctuations of less than 50 yuan. The business is called "flattening out of the embarrassing market.
According to the latest market report, the construction steel market is difficult to achieve effective rebound, the overall contraction of downstream demand.
Guotai Junan: the rebar shock idea of ??operating
Rebar 1210 contract opened in 4078 yuan / ton, up to 4084 tons and 4040 tons, the lowest close in 4068, compared to the previous day's closing price fell 17 yuan / ton, 843 000 hand, 677 000 hand positions.
Cinda Futures: rebar Futures empty single evade
June 29, steel main contract rb1210 opening to 4078 up to 4084 intraday low of 4040, closing at 4068, down 7 yuan / ton, down 0.17 percent the previous day's settlement price, all-day settlement price of 4065 tons. The total daily turnover of 463,042 hand positions to reduce the 36 352 hand 676 846 hand, Stock Exchange, 0 tons, unchanged from the previous day's.
Western Futures: thread should not be held overnight single
Steel main contract the rb1210 date line received a small Yinxian with under the lead of price heavy volume lighten up slipped. The MACD indicator, DIFF and DEA-wire short region down, K, D two-lane high cross to rise again, of prices within a narrow range. Positions on rb1210 before the 20 positions, 222,776 more than a single hand, empty single 236 649 hand, the Galaxy futures holdings of more than a single 4602 hand.
Wanda Futures: Shanghai Steel buy low rolling operation
29 Date of steel RB1210 opening 4078, the highest price of 4084, the lowest 4040 closing price of 4068 compared to compared to the previous day settlement price fell 7, volume 840 000 hand, 680 000 hand positions, Japanese positions 36000 hand .
Haitong Futures: thread medium-term bearish thinking the same
Shagang yesterday introduced in early July price policy, wire and thread were cut by 30 yuan / ton, plates have dropped even more, to 80-150 yuan / ton. Of the price above the moving average bonding at a larger pressure, rebound, or exists only in the short-term, medium-term bearish thinking the same.
Galaxy Futures: rebar interval 4095-4060
Consolidation callback current rebar futures medium-term trend to maintain good air side, the futures price in a consolidation after 4000 by supporting short-term rebound, futures prices rebounded the pressure of the test 4150 futures prices to return to the weak. Expected today threaded opening in 4090 near the days of consolidation callback, interval 4095-4060.
Philip industry futures: Thread trend single temporary fence is appropriate
Overall, the price of the thread of 4050 near the somewhat stabilized the bottom of the 4000-4050 interval, strong supporting role, but the short-term fundamentals are no substantive positive under the premise of price difficult to have a decent rebound. Next week to remain weak shocks idea of ??the trend of single temporary fence is appropriate.
Steel futures: the thread to maintain the 4050-4150 interval organize your thoughts
Overall, although the thread spot market is still in the doldrums, China PMI manufacturing data in a new year low in June, the EU summit on Friday announced the results to boost the strength of the market will lead of screw to open higher today uplink. Operation, to maintain the 4050-4150 interval organize your thoughts. The 1210 contract today to rise, the target level 4100.
China steel net point of view:
6 and 25 steel opened low, after the opening of the market all the way downstream dropped to 4040 first-line, but the 4050 first-line strong support near midday before the market bottomed out counter, however, because the pressure was significantly above the combined market divergence, long upside weak, however, the weekend EU summit to reach a 'package' agreement, market confidence has been boosted, Europe and the United States stock index commodity boom, affected, is expected today of steel is expected to pull up, focus on the effective breakthrough in the 4100 first-line, but today the prices of construction materials as a whole to maintain vulnerable.
Relevant institutions analysts believe that the site starts and construction schedule does not accelerate the trend of the overall demand for the release of construction steel will remain low. Demand can not start if you want to break the stalemate of the supply and demand in the steel city, only Forced substantive steel production, and then pull the raw material at reasonable prices return to gradually reduce the imbalance of supply and demand of the steel city. Before the substantive process does not have a valid start, the Steel City only continuation of the shock bottoms of the stock market, it is difficult to achieve effective rebound.
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