Since the second quarter, the domestic economic downturn, the Government proposed 11 measures to ensure steady growth, the new round of economic stimulus makes investors' pessimism eased. Therefore, the price of steel main contract in the integer points below the 4000 yuan / ton, disk signs of stabilization. But taking into account the real demand for the short term are not effective boost, coupled with the debt crisis in Europe is still no effective suppression and mitigation, prices rebounded slightly powerless.
GF Futures: Shanghai Steel long-term empty single prudent to hold
The pressure of the economic downturn intensifies, Forced steady growth measure is introduced, but the steady growth measures did not significantly boost the demand for construction steel. Mid-June crude steel production declined slightly, but significant increase in steel inventories, indicating that the supply and demand situation is still weak. Yesterday, in other commodities, driven by the Shanghai steel to lighten up a rebound, but the spot price is still vulnerable fell. Operating on the long-term empty single caution holds is not recommended to buy the dips ,4100-4150 there is a strong resistance.
Hongyuan Futures: thread or a sustained rebound concerned about 4100 pressure
Tuesday Shanghai the steel Dikaigaozou, the days to lighten up late to close at 4078. From the disk, the market differences in the bottom area, fell sharply Monday, yesterday, the bears are leaving their seats to drive on the price rebounded sharply, under the influence of continuous strengthening of the external market, the market early pessimism eased, but the basic surface has not been effective in improving short-term rebound or continuing operation, it is recommended that the midline low more than a single holding, today's concern to support the 4060 pressure 4100.
Guotai Junan Futures: rebar continuation of the shock days of operation-based
Thread 1210 the main contract throughout the day to stabilize rebound, lighten up upstream, closing out in the sun, the 1301 contract also lighten up the upstream seat point of view Wing futures short positions yesterday reduction initiative. Positions in terms of the July 3, thread 1210 the main contract, the top twenty seats more than a single reduction of 24 141 hands, Guotai Junan Futures seats, reducing the 9804 hand; empty single reduction 14,633 hand seat of Zhejiang Yong futures holdings of 15,861 hand. Bearish positions situation.
Huatai Great Wall Futures: the strong side of the housing market good Shanghai steel shock
Yesterday, the main thread 1210, shock rise, high consolidation, 4080, the first-line pressure is serious. Steel fundamentals remain unchanged, the return of yesterday's thread, the main price is callback price oversold on Monday. Iron and steel industry as a whole profit is low, inventory high. At the same time due to hot weather, the downstream demand for construction materials can hardly be optimistic about the steel industry oversupply will continue for some time.
Futures of the East China Sea: threaded or shocks on the strong side view, Concerned about the 4100 suppression
Consolidation pulled after the opening bell yesterday, and finally Zhongpan to 4,078 yuan / ton, compared with the previous day) settlement transaction price up 26 yuan per ton, the position limit of 658,896 hands, subtract 92360 hand. Shanghai steel after the day before yesterday, fell sharply yesterday to lighten up to repair the bulls won 4050 a crucial point in one fell swoop, but we note that the multi-upward momentum is obviously inadequate, exacerbated by differences between the two sides in 4050 long and short overnight base metals rally is expected today will stimulate steel prices further rebound of steel is expected to remain the pattern of wide shocks, but the fundamentals of real good yet, is expected to today's shock rise, concerned about the 4100 suppression of
Germany futures: threaded or continuation of a rebound, concerned about the 4080 first-line pressure
The rb1210 contract Dikaigaozou yesterday, the highest 4085, lowest 4031, closing at 4078 points, compared with the previous session settled up 0.64%. Boost market confidence, rebound or continuation in the case of the global economic downward pressure still does not yet support substantially upstream of price, should not be blindly optimistic, and the thread continued downturn in the spot market and weakening prices, insufficient support, 4080 first-line pressure upside unsuccessful, upward momentum is slightly less than the rebound or limited. Operation, concerned about the 4080 first-line pressure, effective on the break, empty single-ended earnings above the pressure of 4100; the contrary, the empty single continue to hold.
Hon Hai Futures: thread or continuation of the rebound, pre-empty single Relying 4100 continue to hold
1210 contract in the main thread a lower opening in 4041 yuan, short was the pressure to 4031 yuan, followed by the rebound in neighboring markets to stimulate short profit open, pushing prices along the way, but failed to break through the 4080 resistance, to close at 4078 yuan, up 0.64%. Poor manufacturing data in Europe, the United States three major economies, the market on monetary easing is expected to heat up, short not dare to attack, select the open end profits, to promote the recovery in prices, but was unable to effectively break the 4080 resistance, as a whole is still in the rebound to repair pattern. Operation, pre-empty single Relying 4100 continue to hold, no admission short of money to temporarily wait and see.
Investor Futures: 4120-4030 steel futures short-term interval operation the main
Steel futures 1210 contract on Tuesday to reduce the position to run up, the overall trend with yesterday deviation. The main attention to the point of the market is still in the Game of the upstream steel mills, on the current situation, not just the brand of the three types of steel is very competitive, the steel policy to constantly adjust the market long and short divergence.
China steel net point of view:
By the external market boosted yesterday empty single departure signs, thus promoting the shock upstream of steel, However, due to the 10-day moving average near the pressure, combined with the spot market downturn trend changed and the upward momentum of steel, is expected today of steel will narrow rate shocks, focusing on the 10-day moving average pressure, today's building materials market as a whole to maintain the decline.
Overall, the rebar futures investment opportunity in the second half of a relatively small trading opportunities need to see the policy co-ordination, relax the intensity of the key projects to promote the progress and the policy side. The previous government has increased investment effect appeared to take time to enhance the intensity of the aggregate demand in the coming months is still relatively limited.
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