Brilliant Futures: steel ore to weaken again.

Updated: May 23, 2016  Views: 277

Friday night outside the disk of crude oil, CRB, Copper consolidation, external disk commodity differentiation; the dollar index continued to rebound to break 95, or the short-term shock consolidation needs fell back spot steel, iron ore 405 yuan / ton, unchanged; Tangshan billet fell 70 newspaper 1930; Shanghai thread 2230, down 20; April, average daily production of 2.314 million tons of crude steel, super peak recorded in June 2014 hit, supply continued to rise in May at several steel mills plan to resume production, supply is expected in May. gradual recovery, industry capacity utilization is expected in May rose 1.3 percent, average daily production increased to about 3.0 million tons steel stocks, social inventories, end-user purchases slowed, traders actively reduced, steel stocks began to increase the pressure. currently the demand side did not see significant improvement, while April infrastructure and manufacturing expanded at a slower, south of the rainy season, entered the off-season, there have been steel production complex, with the rebound in supply, inventory rise, supply and demand will gradually highlight, pressure on prices. Shagang weekend price 300 yuan, May total price 570 yuan / ton, confirmations current weak market, spot prices hard to find strong support, the current market-based low-cost shipping threaded futures in 2000 near the shock correction after Friday night Masukura fell below the ore sorting platform weaker short-term look short to suppress initiative, or there Powei see repeated. operation, the band held empty single thread, thread empty band in October only win line 2130; ores band single wet storage space up; the main short-term trading days; maintain wet storage to buy mine empty thread arbitrage.


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Traditional Chinese: 倍特期貨:鋼材礦石再度轉弱


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