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Steel Analysis Today
【Time:2016-06-08 11:25】 【Traffic:

The domestic steel market continue to maintain the momentum to pull up, including rebar, high wire and hot-rolled sheet was the most prominent. Northern region continued to lead the increasing.there are also factors that limit production by the Tangshan area. Cold-rolled coil, plate prices relatively flat performance, with the rise of the general atmosphere. Carbon billet price in Tangshan 7 continue to hike 30 yuan. Spot market prices have maintained a relatively strong side of the trend, but the lack of market confidence has been at a glance. Limited production of Tangshan region at the moment the demand side weakened significantly in the background, boosting its power greatly weakened, while crude steel production rose already pulled the big screen, will fully reflect the increase in the supply of late, the market risks, but also agents worry lies. Although the capital markets of the recent strong performance of the disk, but the Federal Reserve to raise interest rates on hold is based on weak US May employment data, overall for commodities is actually worse bearish, short counterattack is only a method of operating behavior of the market, late return again decline is still a high probability event. And in high yield, as well as the basic conditions for external negative demand weakened, confidence in the stock market downturn dragged the market is a major factor, which is the current steel prices continued to show relative weakening of the stock market pulled the main reason. Thus, the weak steel market is still not reversed, do not recommend chasing into replenishment, recommend appropriate amount of short-term rebound in shipments, wet storage operation.

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