Hot, hot! The weather is so hot that Xiaobian can't remember his surname "Xiao". Let's go out and see if we can meet "acquaintances. Due to the impact of high temperature weather, the construction site operating rate decreased from normal conditions, resulting in a reduction in procurement, last week the overall turnover of threads was weak. In addition, the period snail last week there was a sharp correction, but the in stock market only slightly weakened so that prices are still high, the market fear of high sentiment is strong, downstream procurement hesitation.
Let's take a look at the market forecasts of various experts:
My steel network: the recent turnover with the price continues to push up and increasingly depressed, the overall inventory surge, business mentality frustrated, so the price fell. If demand still fails to pick up in the near future, the difference between supply and demand will further expand, and it is expected that short-term domestic steel prices will be weak and volatile.
Steel House: on the one hand, under the support of stable and good domestic economy, it is difficult for steel demand to continue to decline in the later period, and the inventory of steel mills is still lower than that of the same period last year, so the sales pressure is not obvious. On the other hand, the continuous recovery of steel production, coupled with the continued high profits of the steel industry, is likely to trigger downstream resistance, and the risk of chasing is also increasing. In the short term, the steel market long and short game fierce, or into the shock operation, up and down the pattern.
Cross as a ridge side into a peak, the distance is different. Xiao Bian's views are somewhat different from those of the experts. According to Xiao Bian's observation, the national thread inventory has increased for two consecutive weeks, and the balance between supply and demand has gradually loosened. However, due to the relatively low inventory base, the contradiction between supply and demand has not been stimulated for the time being. This week, the weather still wants to create a harmonious society to make everyone more "familiar", and the demand side is still weak. Since July, the profit per ton of rebar has continued to be around 1000 yuan, and the current price has reached the high level of the year. The market has always been "afraid of heights" for high profits and high prices.
In addition, the "bricklayer" editor has the following three points:
1., last week, a small GDP article, which did not contribute to GDP, showed that the national economic recovery demand increased, infrastructure investment, real estate development and manufacturing investment increased, and steel demand will increase in the second half of the year.
In the second half of 2., there will be "six major inspections" affecting steel prices: ① special spot checks on "strip steel"; ② issuance of pollution discharge permits by the Ministry of Environmental Protection for steel enterprises; ③ AQSIQ to carry out product quality supervision and inspection of enterprises licensed for production of steel products; ④ Ministry of Industry and Information Technology "2017 National Major Industrial Projects All Energy Conservation Supervision Task"; ⑤ The State Council Launches "National Safety Production Inspection"; ⑥ The fourth batch of environmental protection supervision of the Ministry of environmental protection supervision.
3. the current base difference of rebar has recovered to less than 200, blast furnace operation has reached a relatively high level, rebar inventory is at a low level, the second half of the year ushered in gold nine silver ten, futures prices still have upward space.
To sum up, whether there is still room for steel prices to rise in the later period, as a small editor who knows everyone, believes that it will maintain a steady upward trend.