The market monitoring data show that: the average price of domestic key cities Ф6.5mm high line is 3960 yuan / ton, down 31 yuan yesterday; Ф25mm three steel average price of 4068 yuan / ton, down 26 yuan. Dominant city: 6.5 high-line in the Beijing 3960 yuan / ton, down 10 yuan, 4080 yuan / ton, three rebar mainstream specifications, transient stability; Shanghai market line 3850 yuan / ton, down 10 yuan, 3980 yuan of three steel / ton, down $ 20.
Steel City market in July still let everyone know that the worst only worse. The market almost daily decline in most parts of rebar that fell below the 4000 mark, enter "three times". Although the macro side, positive stimulus, twice cut interest rates, CPI into the "era" but still can not boost the Steel City. Rebar offer to enter three times already announced that the steel into the dropping bottoms stage, sand steel construction steel prices in mid-July, down, or accelerate July steel prices bottom.
Originally on the 11th of each month is the day of the Shagang introduction of construction steel mid-prices, but I waited a long time did not wait for the sand steel price adjustment information, and thus wonder why sand steel price adjustment delay not, whether it is also an infinite tangle? On the one hand, the current market price has been as low as the October 2008 price level, if it continues down the fear of increased market panic and fear to touch the steel profits continued to fall in the bottom line, but if the increase is certainly not in line with the actual situation, while the increase in constant fear of appease not the steel trading business. Until this morning, the Shagang issued construction steel price adjustment in mid-July, down 70 yuan / ton price of rebar, high-wire, plate, screw the price down to 100 yuan / ton.
The data show that China's iron ore import volume was 58.31 million tons in June than in May, Central fell 8.66 percent, the average import price of 139.07 U.S. dollars / ton, compared with May decreased 1.48%. Although the price of iron ore volume and price of Qi or turn a profit or no help, but on the domestic and the domestic steel mills continue to be substantial loss. Recent domestic iron ore port stocks continues to rise, five weeks in a row, rising excess supply of iron ore has become a reality, while the global economic downturn, the domestic steel demand procurement case, the excess supply will promote the iron ore Stone drop in prices. The drop in prices of raw materials helps to reduce steel production costs, but the drop in prices of raw materials also will accelerate the decline in steel prices.
In late June, crude steel output forecast is 1.965 million tons, late ring, down 0.78 percent. Forecast in June, the month the average daily production of 1.966 million tons of crude steel, a decline of 0.46%. Although the data published June crude steel production only declined slightly, but iron ore imports substantially reduced in recent weeks, imported iron ore port stocks have increased, indicating that the domestic steel mills to cut production. The resulting expected steel production in July will continue to cut the intensity will also increase. Steel City in the demand for off-season, and even continue to cut production in July and August, the Steel City, or affect not, after all, the steel industry overcapacity is serious, short-term within the adjustment does not change the.
The June CPI data fall in line with expectations and provide the conditions for the central bank's monetary easing, it is understood, the central bank for three consecutive weeks of reverse repurchase, accelerate the pace of monetary loosening. Continuous implementation of the reverse repurchase, to a certain extent the effect of reducing the reserve ratio. The data show that far, the central bank release liquidity through successive reverse repo operations total more than 4,000 billion, equivalent to one-time reserve ratio by 0.5 percentage point, while monetary easing bound to have a price of steel formed to support and boost. Of economy is still in the downstream channel, steady growth to the impact of policies on the steel city is only reflected at the psychological level, it is difficult to change the pattern of steel prices vulnerable downstream.
To sum up, in fact, no matter how Shagang price adjustment, the pattern of market weakness are difficult to change, because the market is so, even if too much entangled still can not change the situation of the construction steel market continues to plumb Shagang lowered steel prices conform to the situation. The off-season prices in July and August only hope that the steel trade will sit down and look or wait for the golden nine silver market can be a reserve force
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