At the end of the bell is ringing, the market can be less operation time, prices move down or up or hong kong-listed years ago, they were at sixes and sevens.Years ago was a more volatile period, steel mills, steel trade and business, their operating closely follow the market change and change.
Should have been busy at the end of 2013, the normal had winter never reproduce this year, the performance of demand in depression and stress under the double whammy of funds, steel inventories ing suspected restart, hong kong-listed movements in the face of years ago, the majority of weak.
Over the years, were near the end of the financing side nervous period, short-term interbank funds tense situation will continue.Domestic capital by the end of the seasonal impact stress superposition potential no. 9, finances the structure tight to change before the Spring Festival, the bank last week seven days between the buyback weighted interest rate jumped to 8.21%, one-month SHIBOR interest rate to 7.53% on the same vast, according to New Year's finances and tension is still there.
Inventory: inventory ing behavior again, inventory increase, steel prices rose difficult.Last week, Shanghai construction steel inventories rose, including tertiary rebar inventories increased dramatically, the north and the surrounding small steel plant resources gradually increased amount of the arrival of the goods.National steel inventory over 10 straight after the National Day, inventory formally transferred to ing channel, the weather is getting cold, snow and rain, fog, haze around, under this kind of weather, outdoor construction project progress must be affected, so end of social inventory decline to rise is expected.
Shagang steel mills: 21, announced in late December's building materials factory price policy, thread cut in, cut 30, wire, plate screw now level 3 big screw 3720, HPB300 line 3660, plate screw, 3710 cash tax, acceptance discount is adjusted for 24 and the rest of the policy unchanged.Hong kong-listed off-season effect is apparent, need not beautiful, therefore steel mills have to adjusted ex-factory price strategy, cut is given priority to, to stimulate the businessmen orders, but steel prices also makes the market about future gradually lose confidence.
But the recent market prices down the weak, traders profit space is narrow, and the market upside down rate in more than one hundred yuan, businesses continue to depreciate intention is, partial businessman for market still is looking forward to next year, and the current business inventories low overall, remaining replenishment demand, the market is expected to be a wave of rising prices.
End of the month, at the end of the special period, the fund pressure, merchant shipping will is strong, and the off-season effect significantly, the cold weather, outdoor construction, demand is difficult to improve, the market has a role in suppressing, downward price pressure of the possibility of larger, but as the fund pressure relief, as well as to the preference of hong kong-listed expected next year, "had winter" has appeared smaller, support for the market price and the formation, if the other steel mills subsidies traders as scheduled, the market's price mood will also appear, hong kong-listed appear a little higher rally before the end of the year is possible.
In the short term steel price trend is still relatively weak, the fundamentals is good.Continuous days oscillation period steel prices downward, bearish market mentality.Add in steel off-season, temperature limits the outdoor work, the part of the downstream manufacturers production rhythm will be adjusted, so steel prices continued to rebound strength obvious lack of hong kong-listed fundamentals have failed to have the substantive improvement.Under the background of market is not good, the late steel price trend remains unclear.