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The futures price is not exclude that steel is possible to rebound short

 

Date:[10/15/2009]    Source:Shandong Hai Steel Co.,Ltd

 
  

   Steel market futures, active in the bull capital fund, steel price does not exclude the short rebound continued.

   Significantly increased steel 15), warehouse, capital influx again many empty, one big showdown prices rising 1001 contract price at RMB 78 / ton, to 2.12% 3,756, closing at $9.6 million increase, open hand, always open hand of 103 million record highs, volume and increase 147.7 million.

   15 domestic stock market level 16 to 25 mm diameter rebar in Shanghai 3,510 yuan/ton mainstream quotation, flat, Beijing area mainstream 3,480 yuan/ton, offer drop 20 yuan, Hangzhou area mainstream quotation 3,500 yuan/ton, flat. The main market is still to fall, the national market price 3,714 yuan/ton, drop 20 yuan/ton.

  Steel producer prices continue to drop in lai steel, steel factory building, price quotation price cuts 100 yuan/ton, after adjusting the level 16 to 25 mm diameter of this region price quotation rebar 3,400 yuan/ton, triple steel mark-ups 150 yuan/ton. Ripple in September 21 steel, steel parts products ripple price adjustment, based on the specific information "adjustments are as follows: rebar: by comparing, hubei and the north of Yangtze river area cut 70 yuan/ton, and other areas cut 50 yuan/ton, after adjusting the 16 to 25 mm in diameter 3,820 factory second screw yuan/ton.

  Great futures, steel 15 points, bull capital actively disk into. This decline since the futures price steel, 4,200 yuan, RMB 4,000 yuan in all appeared in the capital in bull market, but the copy production constantly hit a record high, stock price increases, steel prices down every time, often by short crackdown. This time the platform in the $3,600 representation, the real option stabilises still cautious attitude for steel still have profit space, will not strong, steel and the stock market inventory is at record highs, and downstream demand can only be maintained steady, not speed, signs of stock in the spot market clinch a recession. But cannot turn a blind eye to large increase storehouse, has been gradually formed a $3,600 an important support, funds, cannot eliminate possible to rebound, short in 3,800/3,880 above pressure, is expected to form of 4,000 / short-term finishing platform, temporarily haven't said bottom

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Tel:+0086-538-6999022    Fax:+0086-538-6997199   Email:steel@haisteel.com