According to monitoring data show that, in the last week (6.25-6.29), domestic steel prices after the long drive see also fell.
 
Changes in the regional steel prices last week as follows: Shanghai regional steel prices fell slightly, weekly prices are down 20 yuan / ton, ended on June 29 at 4020 yuan / ton; regional steel prices stable and weak, as of June 29 Daily 4150 yuan / ton, one-week price down 30 yuan / ton; Guangzhou regional steel prices vulnerable callback, ended on June 29 in 4180 yuan / ton, single-week prices are down 20 yuan / ton.
Data show that as of June 29, the major domestic the market Zhipin two rebar 25mm average price of 4121 yuan / ton from Friday fell 24 yuan / ton; 6.5mm high speed wire the average price of 4177 yuan / ton, Friday's down 26 yuan / ton. The data show that capital constraints and the rainy weather affect by the end of the quarter, the overall shrinkage of market transactions this week, price declines have also been expanded.
 
According to the data show, this week in Shanghai terminal purchases decreased 15.14%. Since last week, both the end of the quarter is the end of the half-year, funds are tight contradiction highlights, combined with the hot rainy season is not conducive to the construction site, resulting in downstream demand continues to shrink, the intermediate demand even close to stagnation, the overall market turnover are somewhat light.
 
Factors affecting domestic construction steel market last week, mainly in the following areas:
 
One is steel rebate making it up, intensified. Small construction steel factory price adjustment this month, steel prices unchanged Shagang June. Sanxun the wire total cut by 100 yuan / ton, Hebei Iron and Steel June settlement price down to 20-40 yuan / ton, and other small and medium-sized steel Factory price adjustment frequency as compared to May slowed down significantly. June steel prices overall weak, but the ore price has begun to rebound, the steel industry profits are being squeezed again. Thread ordering in the second half of the policy point of view but from Shagang introduced this year a new 20% plans, rebates, an increase of 30 yuan / ton, while the acceptance discount free for two months, the steel does not take the initiative to cut the wishes of the late steel factory price policy changes will form an important impact on the market.
 
The second is the raw material prices were relatively stable. Data show that as of June 29, the Tangshan area, Carbon billet price 3580 yuan / ton, the pericyclic fell 10 yuan / ton; Jiangsu Province scrap price is 3040 yuan / ton, the pericyclic unchanged; Shanxi coke prices 1680 yuan / ton, the pericyclic flat; Tangshan area, 66% taste dry iron ore price for 1140 yuan / tons, Pericyclic than flat. At the same time, grade 63.5% Indian iron ore fines the outer disk is priced at $ 141 / t week ring up $ 1 / t.
 
Third, building materials inventory for 19 weeks increased. According to monitoring data, the current major cities total inventory of construction steel was 8.622 million tons, late last week, an increase of 4.64 tons the Masukura rate of 0.54%. This is also the national inventory even drop the first rebound after 18 weeks, in which the national total rebar inventories still higher than the 1.22 million tons over the same period last year. Sub-regional in addition to the northeast, northwest to drop the main, the other parts of a rebound.
 
According to the analyst briefing, the following factors will affect the future market trend worth noting:
 
First, in mid-June crude steel output fell slightly. According to the latest data of the China Steel Industry Association show that the key large and medium-sized enterprises in mid-June crude steel output was 1.655 million tons, late ring fell 1.74 percent, the national estimate is 1.9705 million tons, down 1.45 percent late chain. The data show that since late May, the average daily production of crude steel has been continuous Sanxun maintained at less than 2 million tons. Although the yield slightly down, but remain high, indicating that the steel production limited production is not yet widespread. In addition, steel inventory of key large and medium-sized steel enterprises in the mid-end of 12.15 million tons, the mid-ring, an increase of 5.6%, steel pressure on the stock even more serious social inventory, which also makes the post-steel pricing policy is still loose space.
 
Second, the reserve requirement in July lowered the probability of increase. By the end of the quarter and semi-annual bank examination at the end of factors, a sustained surge in money market interest rates since mid-June. According to the data to monitor the June 25 Shanghai large bank acceptance bill discount rate of 4.51 ‰, rose sharply by 15 percent compared to May 25. Taking into account the end of the quarter incremental deposits significantly, July 5 deposit quasi-gold payment date will be passively received a lot of money at the same time, mid-July on the large commercial banks facing the pressure of dividend payout. Therefore, until mid-July, the capital pressures are not apparent ease, which makes the July cut the deposit reserve requirement increase the probability.
 
Third, in June, iron and steel PMI rebounded slightly. According to the PMI index view in the matter United Steel Logistics Committee released the steel industry, 49.2% in June, the chain picked up 0.4 percentage points. The main sub-index, production index, finished goods inventory index decline, new orders and new export orders index is bottoming out, showing the positive factors in the domestic steel market is gradually increasing. It is worth noting that, except for April this year, the index below the critical point of 50% of the fortunes of run that the entire first half of the operating situation of the steel industry are very difficult. With the second half of the stimulus after a long period of low to gradually show, post-market price of steel is expected to bounce back.



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