Yesterday, the rebar futures prices continue to fall, a single 1301 contract fell 61 yuan / ton, to close at 3670 yuan / ton, by the state to suppress the real estate policy implications, rebar prices decreased continuously since the beginning of this year, the cumulative rate of decline exceeded 700 yuan /tons, a great challenge to the steel mills and steel trade enterprise profitability. In addition, the steel trade and industry, the existence of blind expansion and disorderly competition, lack of overall planning, lack of talent, lack of innovation and other issues. As of July 27, the social stock of steel up to 15.37 million tons, 1.5 million tons higher than the same period last year.
China Steel Association data show that as of mid-July, the national focus of steel inventory of steel 12.45 million tons, representing an increase of 45.5% over the beginning of the year. High inventory makes steel price war in July. Steel prices to accelerate the decline in mid-July, the steel is only sporadic cut signs. The late Gangjia depends on steel production efforts. Based on the seasonal pattern, as well as the domestic economic cycle, the demand for steel in August difficult to improve the future supply and demand pattern of improvement depends on the supply side.
The 2008 financial crisis, many of the enterprises involved in futures hedging have dodged a bullet, enterprises pay more attention to the importance of futures hedging since 2008, also the use of futures hedging in the year a lot of steel trade enterprise again in advance to avoid the risk of market decline. Our program trading system to grasp this year rebar in April and July, two down market, with significant benefits to investors.
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