Rebar today main contract Rb1301 of high opening to go near the pressure significantly in the 10-day moving average intraday market finished lower, but near the 3650 first-line support strong afternoon shock rebound and Zhong Pan to close the small candle with a shadow line, the whole day trading is more active, slight increase in volume, positions increased significantly, KDJ indicator bonding is seeking a breakthrough, MACD indicator is flat down and opening narrowed.
Rebar main contract Rb1301 of this opening 3675, the highest 3699, lowest 3650, the closing session to close at 3682 yuan / ton, volume of
1,390,930 hand positions increased 64,664 hands.
Macroscopic information:
1, the central bank: the second half to continue to strengthen pre-tune fine-tuning of monetary policy. 3 to 4 August, 2012 sub-branch president of the People's Bank of China forum held in Beijing, the deployment of the second half of the macro monetary policy and financial reform. The meeting noted that the second half of the year, should continue to strengthen the pre-tune fine-tuning of monetary policy, the role of monetary policy of counter-cyclical regulatory role, to improve and perfect the credit policy, and vigorously support the development of the real economy; expansion of the RMB cross-border use to speed up the development of inter-bank bond market.
2, steady growth to help steel demand to pick up, steel prices turning around urgent industrial upgrading. Recently, the steel industry in the first half of the operation released by the China Steel Industry Association show that China's steel industry has been at a loss edge. Member of iron and steel enterprises in China Steel Association in the first half of the accumulated profits of only 2.385 billion yuan, representing a substantial decrease of 54.549 billion yuan, a decrease of 95.81%; enterprises suffered losses totaling 14.248 billion yuan, the loss of 33.75%. If the net investment income, the main steel business is actually losing money. Steel industry downturn, M & A costs decreased.
The industry believes that the time has come for the large steel companies, speeding up the merger and reorganization.
3, Spain has made to help the decision to wait before the ECB action. Beijing August 6 morning news, according to the Wall Street Journal (blog, microblogging) reports, the senior Spanish government officials that the country may seek financial aid to Europe, but did not point out that decision is approaching. Spanish Finance Minister Kim Doss said in an interview reported on Sunday that the country is in no hurry to seek the relief of Europe, have the ability to wait for more information on possible European rescue project.
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