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Steel market downturn, the mood slightly warmer

With the increase of steel repair information, the Shanghai steel futures short positions continue to suppress the power weakened, the market sentiment is slightly warmer, and the panic sell has ended. Survey this week, long surfaced, but the strength is still weak, while the Air Force strength less than oscillation climbed, as the mainstream view.
 
Late Monday, the futures Daily Reporter on the results of the survey of 20 futures companies see more than those accounted for 5%, accounting for 30% of the bearish, look at the levels were accounted for 65%. Although some companies began to repair or scheduled maintenance, but the spot price increases may reduce production wishes, coupled with the downstream demand has not improved, the basis of the macro side, bearish, some analysts suggested that may be short rallies.
 
The survey shows that short-term support at 3700 points and a line pressure of 3800 points and a line. Some analysts believe should be wary of iron ore price Budie risk, and fiscal stimulus policies overweight, is strategic to do more of.




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