'Good start' in the latter half of hong kong-listed domestic steel prices have been rising

The price of steel composite index rose 1 month in the first week. 27%, analysts say the recent demand and supply support leads to hong kong-listed ease, raw material prices in Beijing - in the last six months after the downturn, steel prices rose in the first week of July contrarian, domestic steel price index for 127. 94, a rise of 1 in the last week. 27%. Analysis, environmental climate factors, industry production, raw material prices recover is stabilised support steel prices rebound, the future is affected by the environment of the industry downturn, steel prices continue to rebound or difficult. Steel product price rose in the first half of this year, steel prices have been falling for steel mills and steel trade business squealed, the industry was in serious excess capacity and high inventory for the winter. Since the beginning of this July, originally is the traditional consumption off-season, hong kong-listed rose in a falling market; Shanghai, Beijing, tianjin and other more steel market prices rebound, celebrated in the second half of the year & other; Start & throughout; 。 As of Friday's close, the main steel product price rose. Average price of HRB400 rebar material 20 mm specification is last week rose 74 yuan/ton; 8 mm line average price rose 41 yuan/ton from last week. In addition, the main rebar futures contracts on the 1401 for seven consecutive days of gains. “ Support, production of raw material cost and accelerating destocking, early signs let hong kong-listed fundamentals short-term improvement. ” Nishimoto Shinkansen Qiu Yuecheng senior analyst thinks, the former Duan Gang price is low, high inventory, steel trade, reduce stock up; The recent environmental policies and hot weather forced some steel mills production rectification. Falling market distribution and ascension is the price of the raw material price rebound short recently. Steel prices continue to rise, or difficult to go on June 26, the State Council issued to speed up the shantytown reconstruction proposal, plan the next five years to reform the urban, industrial and mining, forest and other kinds of shanty town 10 million, the year is expected to drive more than 300 billion yuan investment plan. On the same day, the National Development and Reform Commission issued 'in 2013 to promote the rise of the central region work key point, put forward to promote the Midwest regional infrastructure construction, to speed up the implementation of some highway road construction, the remaining airport construction, expansion, etc. The analysis thinks, macro level positive plus the hong kong-listed companies warm picks up or will reverse the iron and steel industry, end & other; Winter period & throughout; 。 To this, Qiu Yuecheng said & other; In the short term, steel prices this week rapid rebound, the majority of steel mills have capital preservation or profitable, if therefore arouse the enthusiasm for steel production increase again, short-term domestic steel prices rise further underpowered; Digestive capacity and longer term, industry to the inventory situation will continue for a long time, will also be in low demand, the weakness of the double decrease of supply and demand balance will appear, steel prices may be a long-term shock consolidation trend. ” Changjiang securities previous research reports, hong kong-listed slowdown in demand is inevitable, the current inventory velocity is difficult to support steel prices continued to rise. The lack of a strong recovery expected cutbacks in brief industry co. , LTD. , steel prices or are big turning point during the year.