April of this year, rebar record lows, steel main contract 1301 has fallen below 3,600 yuan / ton, the real estate control policies, steel mills timely cut steel trading business mentality factors deciding the recent steel price trendkey.
Recently, many steel trading business and the growing desire for bargain-hunting investors. However, crude steel production is not scheduled cuts, real estate control policies overweight constraints, starting from the last week, rebar return to the downlink channel. The industry is expected again pessimistic for the short-term market bottomed out.
China Steel Association, crude steel production data show that in early August again rebound in crude steel production, domestic focus on large and medium-sized enterprises crude steel output was 1,620,500 tons, late growth of 0.82%; national estimated average daily production of crude steel is 1,969,900 tons , late growth of 1.05%.
Although the weak performance of the spot price of steel, but some steel companies are gradually starting to focus on futures to the enterprise with the help of some responsible persons in the futures market opened in the morning and have to see what the price of steel, and began to use futures hedge. Through the actual operation of the steel enterprise experience to the role of the futures platform, such as price discovery for steel enterprises to take full advantage of the information and resource advantages in the spot market, and do a good job of hedging and the phased sale of control; margin trading to enterprise funds the turnaround brought help; short mechanism corporate hedging becomes more flexible.
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