The whole of June, the domestic spot steel market continues to Yindie market mentality is relatively weak, in the "bad sensitive period. According to the latest market report, the steel city businesses generally shipped cash to return the funds, short-term market can not get rid of the weak state.
According to the monitoring of the domestic steel market Yindie market continues, the most recent week's composite price index was down 0.61 percent. Market sources said the recent policy of the surface under no shortage of good news, but unfortunately the iron and steel "bear market" market mentality fragile, relatively insensitive to the good, bad but it is exceptionally sensitive. Downstream demand remains weak, in the case of funds withdrawn from circulation at the end of the beginning of increased pressure, businesses generally take shipments of cash operating practices. Ruoshi could only hope that one does not determine the highlights: domestic crude steel production will decline in the "reversed" state?
According to analysis, the plate on the market, the price decline has been slightly expanded. Plate continuing weakness in the run, Changsha and other areas fell even more obvious, one week t price decline of nearly one hundred yuan. According to local businesses feedback, many new steel mills shipped to arrive. In contrast, the new arrival of the low steel resources, businesses offer more firm. At present, the mainstream market offer low, the arrival cost remains high, causing problems to the spot market: prices fall, space is limited, but poor shipping. Hot-rolled market is also vulnerable still weak downstream demand, Tianjin and other regions of the week t price decline of more than 50 yuan. But said the market this weak shock case, has lasted for about two months, "too bad".
Steel City in the building, and the prices to Yindie mainly dominate the market decline slightly slowed down. Analyst said that, the Rebar Futures overall running of the disadvantaged, had a short-term rebound, but soon blocked, return to the weak, a certain pressure on the spot market.
Institutions analysts believe that the current demand on the turnover of the steel city of hard to have the continued support. Some of the ups and downs of the transaction can only be regarded as businesses' short-term operation of the provisional results do not reflect any substantive trend. Businesses overall state of mind, or are somewhat pessimistic, but taking into account the domestic crude steel production in mid-June, the chain declined to enter new businesses after a month of payment, the pressure will be slightly reduced, perhaps revealing a trace of pessimism in bright colors.
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