By Baosteel, sand steel and other leading steel prices downward effect on the rest of the steel mills have with the fall, further exacerbating the pessimism of the spot market, and businesses offer continue Yindie spot market is still weak to run.
Shanghai steel main force continued to dip yesterday, fell below the 3900 first-line after a slight rebound overnight dollar index continues upstream, industrial prices are still suppressed, in addition to the investors are not optimistic about the economic data released today, Sha Steel, Baosteel down a series of factory The price of steel will continue in the short term is expected in 3900 near the weak shocks, the focus on data released on disk.
New era in futures: the short-term empty single threaded or low volatility to continue to hold.
July, with the advent of hot weather, the status of the weak steel market demand is difficult to improve the long-term pre-empty list can continue to hold. Combined on the price of shrinkage bottom rebounded slightly, but the top of the pressure, the possibility of low volatility of short-period price, short-term empty single continue to hold.
Raw materials, Tangshan area 150 * 150 Carbon Billet 3580 yuan, unchanged from yesterday; acidic dry basis of the Tangshan region 65-66 grade iron concentrate price of 1120 yuan, unchanged from yesterday; Tangshan area, two metallurgical coke price is 1760 yuan, and unchanged from yesterday.
Today, although the stock market a slight meteoric rise of steel and electronic disk performance is still relatively weak, the spot market seems to down-hearted, more depressed market confidence. In particular, Baoshan Iron and Steel introduced the first keynote of the pricing policy to fell again in August, down in the range of 100-300 yuan per month, a greater impact on market confidence. Recent turn in the concentration of the steel price adjustment of other steel mills to follow suit need to be further confirmed, but according to the view of the past, with the possibility of fall slightly larger. Combined with the steel mill's own day is not better than, the more difficult in terms of organization orders price cuts none other to attract order consistent with common sense. The message level, the Automobile Association announced in June and the first half of this year the automobile market and sales situation, the data show that automobile production and sales ring in June were down the whole industry up there is still growth, but growth was slowed down in the first half sales increased by only low of 2.93 percent, the highest in recent years. Downstream industry low levels, steel upstream influence is everywhere. Short term, the steel vulnerable consolidation pattern terrorism to continue.
Gaokaidizou of steel yesterday, the disk of steel once again hit a year low of steel rebound trend is more obvious near the 3900 first-line support strong, however, the steel price cut policy as well as physical demand is shrinking significantly, upstream of steel fatigue, but the outer disk Pudie, affected, is expected today of steel or slightly lower, focus on the effective support of the second quarter economic data and a 3900 first-line, but today the prices of construction materials will also maintain a slight downward trend.
Significantly dropping the leading steel mill Baosteel, sand steel and other varieties of steel ex-factory price, exacerbated by the pessimistic expectations of the business, steel spot market and short-term or will continue Yindie the decline in the spot market in turn fueling the steel mills further down the factory prices, steel prices in the short term will continue to decline.
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