Yesterday's night trading opened for 5 minutes, the futures rebar first rushed a bit, to the previous high of 3815, after the shock fell.
Closing close:
Futures rebar main contract closed at 3753 yuan, down 31 yuan, the decline was: 0.82%
The main contract of the futures hot coil closed at 3840 yuan, down 47 yuan. The decrease was: 1.21%
The heat roll has a slightly lower drop than the rebar
Fundamental message
latest news
The reporter learned from the work conference on promoting the capacity-turning structure of Hebei Province held on July 4th that in the next three years, Hebei Province will continue to unswervingly promote the work of de-capacity and implement the “432511†project, which will reduce the steel production capacity. 40 million tons, 30 million tons of coal, 23 million weight boxes of flat glass, 5 million tons of cement, 10 million tons of coke, and 1.5 million kilowatts of thermal power.
Among them, this year, the reduction of 12 million tons of coal, 12.17 million tons of coal, 8 million weight boxes of flat glass, 3 million tons of cement, 5 million tons of coke, 500,000 kilowatts of thermal power, this year's mission was completed before the end of November.
Interpretation of the "Three-Year Action Plan to Win the Blue Sky Defence War":
Action Plan Keywords:
1 vigorously cultivate green environmental protection industry;
2 significantly increase the proportion of railway freight;
3 Carry out the attack in the key areas in autumn and winter.
analysis:
1 Environmental protection is the national policy of this year, and it is not unshakable;
2 This policy gives the state-owned enterprises profits. As long as they are obedient, profits are not a problem, especially for the middle and upper reaches. After all, state-owned enterprises are concentrated in this piece.
3 This year, we will focus on the plains and the Yangtze River Delta. These two areas will be the key areas for the autumn and winter. Recently, the two places have captured several typical models, but they have not reached the climax. Considering the two places +2+26, the black plate autumn market can be expected.
Current spot characteristics
1. At present, the futures are not in the spot, and the futures are down in the spot and the range is limited. There is pressure on the spot, and there is a policy to protect the bottom.
2, the low season of traditional high-temperature plum rain season, coupled with a booming season after the year, steel prices fell to thousands, traders still have a lingering fear, overall maintaining a low inventory.
3. The supply increased for several consecutive weeks, the two banks increased, and the inventory pressure gradually appeared.
The market outlook is expected to:
1, today's inventory data, inventory should continue to rise
2, tomorrow's trade war officially imposed tariffs
3, policy news is frequent, reduce supply
Based on these three factors, the author predicts that in the short term, futures and spot prices will continue to fluctuate and fall, but the overall decline will not be too large or within 100 yuan.
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