Financial speculation in steel prices to rational investment decisions for the choice
, Spiral futures extended last weekend, finishing weekly trend: Monday to Wednesday vulnerable adjustment, volume down, on the price or alarm; Thursday more rapid hair and a push up steel prices, the impact of previous high of 4,150 yuan; Friday opening After the rapid gains, coupled with early pressure on stock prices drag down quickly, and then plunged into shock, unable to break through before the high. Throughout the week, Rebar 1002 main contract closed at 4,109 yuan / ton, compared with the previous week (up to 13) rose 40 yuan, lighten up 81,000 hand; wire main 1002 contract rose 21 yuan over the previous week / ton to 3,926 yuan, 1,222 Masukura hand.
Construction steel spot market last week to run smoothly, coupled with the futures premium is too large, the spot was not able to support. Compared with 13, 20, Chengdu market, 8 mm diameter steel Gateway High Line Market price 3,880 yuan / ton, diameter of 16-25 mm 2 rebar price at 3,860 yuan / ton, the price stable. Hot rolled coil prices, the Guangzhou market, through 3.0 mm hot rolled steel price at 3,980 yuan / ton, the leading steel plant from 5.5 to 9.5 mm thermal paper quotes the 3,850 yuan / ton, up from 80 to 100 yuan week / ton. Plate Prices were rising trend, the Beijing market in Handan Iron and Steel 10 mm plate market price 3,650 yuan / ton, the leading steel mills from 16 to 20 mm size in the market price of 3,600 board yuan / ton, up from 70 to 100 yuan week / ton. Cold-rolled prices strong gains, the Shanghai market, 1.0mm Angang Cold plate Price in 5,250 yuan / ton, from 1.2 to 2.0 mm cold plate price Angang 5,180 yuan / ton, the week up 150 yuan / tons.
Bad weather is the recent steel market have to face reality. Heavy snow in northern areas, the snow cover on construction sites reduces the amount of building materials; in the south the rainy cold weather continuing to further reduce the demand for building materials, loose supply and demand situation has not yet been improved. But steel trade business Dongchu short hedging will reduce, in the capital level of price pressures are slowing down. Northern region has now entered the off-season construction steel consumption, in the south affected by the rain and snow significantly decreased demand, the domestic construction steel market, the contradiction of supply exceeding demand more prominent.
Comprehensive look at the consumer off-season makes the lower level of activity of steel trading business, the resources are no longer desperate to sell, so the possibility of steel is not significantly lower. In view of Iron ore price Stable and active up, as well as international commodity prices remain strong, medium steel prices to maintain upward momentum. However, increasing the short term to reduce the excess demand situation, there is still pressure on the top. On the other hand, the impact of market supply and demand in the face of the lower level, while speculation of a greater degree of capital determines the trend of steel prices, investors pay close attention to the movement of main funds.
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