A liquidity crisis still steel prices will continue to be down by the end of the month

27 weaker domestic hong kong-listed continue to shock. The stock market after the slump in the continuous finally in today's stability, the gem in 5. 5%, although the Shanghai composite index closed slightly cloudy, but has fallen greatly shrink. The central bank of some financial institutions is injection of liquidity support to the market & other Creation & throughout; 。 But & other; Money shortage & throughout; The solution is still far away, and the capital market has not staged retaliatory rebound may be concern about the current situation did not disappear. Steel and electronic trading line continued downturn downward trend, at the end of June, the inter-bank money surface tensions or difficult to eliminate, as a result, the capital market is difficult to a decent reversal. Hong kong-listed the spot market in the economic downturn downward pressure is prominent, demand and supply under the circumstance that does not decrease, and difficult to break through the haze. And at the end of the month the money collecting pressure of every trade will make the steel price focus continued to move down. According to monitoring, 27, domestic major cities Ф 25 mm tertiary rebar prices an average of 3385 yuan ( Tons of price, similarly hereinafter) , yesterday fell 3 yuan. Domestic major cities Ф 6. 5 mm line average price is 3410 yuan, is 1 yuan yesterday; 5 key cities in China. 5 mm hot rolled coil plate average price is 3477 yuan, from yesterday fell 7 yuan. Domestic main center city 1. 0 mm cold plate an average price of 4490 yuan, is five yuan yesterday; Domestic major cities 20 mm average price is 3514 yuan, the plate is 8 yuan yesterday. Raw materials, 27, tangshan region 150 * 150 carbon billet of 2930 yuan, is 10 yuan yesterday; 65 - tangshan area 66 grade acid dry base price of iron essence pink of 1020 yuan, with flat yesterday; Tang shan area secondary metallurgical coke price 1280 yuan, is 20 yuan yesterday. Chooses the main rebar contract 25, 1310 in early trading opened at 3459 yuan/ton, price swings higher throughout the day, the lowest 3415 yuan/ton, up to 3466 yuan/ton, closed at 3456 yuan/ton from the previous session ( 24) Settled down 12 yuan/ton, 3419640, 1513390 hand positions, 159989 2 hand. In steel, hebei iron and steel group construction steel products settlement price policy in June, the tang, xuan, HPB300 material line settlement price 3420 yuan, the secondary rebar settlement price 3350 yuan, three-level seismic rebar settlement price is 3450 yuan, disc screw and settlement of 3430 yuan. Hangang line of 3400 yuan, the secondary rebar 3300 yuan, disc screw 3390 yuan. After entering June, steel price of smoke increasingly frequent, lift kinetic energy also has obvious enhancement of the market, combined with the current market resources stocks is relatively low, it also makes it easier to pull without too much of a burden on the price. However, & other; Born & throughout; And steel price against smoking met & other; Liquidity crisis & throughout; , in the short term will still hit, plus iron and steel industry the contradiction of supply and demand pattern will also be a drag on steel prices continue downward. Liquidity crisis will impact the entity industry, on the one hand, the stronger dollar, sing Air China investment banking, hot money fled, financial savings rise, pay the tax in state-owned enterprises, Banks years big test, and so on makes the bank created tension between financing area; On the other hand, it is a new government restructuring determination also disappoint the market. Although the central bank yesterday has some loose liquidity, but from the perspective of the policy on the tone of the whole, is still optimistic. Lack of funding support, the real estate industry, large capital-intensive industries such as manufacturing, as well as iron and steel industry does not have a very good performance in the short term, and this situation will ease to July, still in the short term will accelerate release body sexual problems in the industry. At the same time, the lack of funds, will also make the capital market is difficult to reverse, the current downturn hong kong-listed and under the condition of market confidence, lack of market lift factors may make it difficult to look up, on the contrary, its structural surplus will bring the impact of the market more. Therefore, in the short term, steel prices will continue downward.