Steel prices rising for two weeks focus on years economic work conference next week

12 domestic hong kong-listed overall strength. Hot rolled coil plate continued strong pull up, building steel, plate, coil manufacture also successively in the capital market pull up by apparent with rising momentum, and the market clinch a deal in good condition, power in steel prices have climbed. However, will be published next week in the first half of our country economic data, from the perspective of the market at present is more general, and terms of policy, and basically is to keep out the lower economic growth, price level cap of such a tone. Then according to the 3 set in early. 5% of the upper limit of the CPI and 7. 5% of the GDP can lower limit will become a market - boundaries. In the short term, hong kong-listed remains cautious entered the stage of the reversal of the real market still need to continue at the bottom of the building process. According to monitoring, 12, domestic major cities Ф 25 mm tertiary rebar average price of 3437 yuan ( Tons of price, similarly hereinafter) , yesterday fell 2 yuan. Domestic major cities Ф 6. 5 mm line average price is 3452 yuan, is 12 yuan rise yesterday; 5 key cities in China. 5 mm hot rolled coil plate average price is 3568 yuan, from yesterday go 13 yuan; Domestic main center city 1. 0 mm cold plate an average price of 4492 yuan, from yesterday go 5 yuan; Domestic major cities the average price is 3550 yuan, 20 mm plate yesterday hit 12 yuan. Raw materials, 12, tangshan region 150 * 150 carbon billet of 3120 yuan, from yesterday up 20 yuan. 65 - tangshan area 66 grade acid dry base price of iron essence pink of 1020 yuan, is yesterday rose 10 yuan; Tang shan area secondary metallurgical coke price 1270 yuan, 10 yuan more yesterday. Chooses the main rebar contract 12, 1401 in early trading opened at 3646 yuan/ton, price shocks throughout the day slightly upward, the lowest 3637 yuan/ton, up to 3668 yuan/ton, closed at 3656 yuan/ton from the previous session ( 11) Settlement price drop 3 yuan/ton, 2696638, 1381970 hand positions, 29610. July off-season, hong kong-listed represent the different elegant demeanor, successive two weeks rose. Rally this week is the first week, but in the attack on the capital market, the downstream procurement emotions rise significantly, also further strengthened the traders for inversion point at the bottom of the neighboring expectations. However, from this week's variety structure point of view, the slow down of plank market inventory accelerated, construction steel inventories at a slightly slower speed down. According to statistics, this week 29 key cities for the construction of steel stock for 786. 750000 tons, the sequential fell last week 3. 01%, hot rolling stock for 414. 80000 tons, down 7 than last week. 80000 tons by 1. 85%, the medium thickness plate stock 141. 10000 tons, 0. 24%, cold rolled plate stock for 155. 30000 tons, 0. 46%. On the one hand, subject to the steel plate market resources differentiation as well as the recent overhaul operations affect the arrival of the rhythm, steel mills new resources quantity of the arrival of the goods is not much, and the merchants in the early stage of the initiative reduction or cancellation of agreement, etc. To keep the inventory at relatively low, under the stimulus of the recent price continued to be strong, merchants bullish expectations of gathering, shipment will reduce, push prices rose faster, to become the stars of the wave of led products. However, for the current our country economy downward trend intensified the fact that we still want to have a clear understanding, & other; Troika & throughout; : investment, consumption and export are declined, with export situation is worse, the worst downturn overall fundamentals. And the ascent of steel industry output is still continue, although the steel mills in the circulation market resources of the supply, but the market resources of the whole supply pressure is still high, the downstream shipbuilding, automobiles, home appliances, engineering machinery and real estate sectors such as efforts to the digestion of the resources in abate, steel production, supply and demand of deadlock don't change, steel price reversal is still too early. A tough style of work for the government and coldly looking attitude, for the current economic situation, although it & other; A hard landing & throughout; A bit too, but have to be prepared. Therefore, the market still need to digest the bad, in the first half of next week's economic data and look forward to set the tone of the policy.