Steel market as a whole showed very good warming trend

 Bearing Network reporter was informed that this year China's futures market black chapter in the annual investment report, insiders have pointed black series commodity prices will continue basic style bear market will continue to price or fluctuated based. Since 2015 a quarterly report, the Black Series futures prices still relatively in line with expectations, the steel market as a whole showed warming pattern, situation better. First to market ushered in the New Year around the traditional seasonal low demand for steel further margin decline, raw material to steel product prices sharply to a downturn. Rebar Index on March 10 will be low again to refresh to 2402 yuan / ton, compared with the beginning of 2648 yuan / ton high fell nearly 10%. As profit margins continue to compress steel, some steel mills appear after the Spring Festival production, and social pressure on the stock of steel has been pre-greater degree of release, showing a rebound in steel prices. Raw end of coking coal, coke, iron ore trend is March 10 after disagreements with rebar, it is because inventory levels are still high raw material side, steel production decline in demand for raw materials to make. Therefore, we continue to do more rebar profits prompted arbitrage opportunities in the early morning briefing and weekly is logical. In the short term market, bearing net reporters that the steel prices still continue to rise: on the one hand, the mineral prices are still on the go, boost market confidence. Sluggish domestic economy, led to a substantial reduction in demand, transfer to the iron ore market, resulting in a long period of unilateral down, a huge decline. Although the major mechanism for iron ore prices are expected to judge getting lower and lower, but the market caused by foreign high-cost mines shut down the game is an inevitable trend, thus, a strong rebound in the short-term ore price, closing strong. Data indicate that as of now 61.5% O powder quoted at around $ 54-55, 63.5% Indian fines offered at around $ 55-56, up $ 3-4 over the same period the previous week, and the DCE continues to impact the high iron ore futures to form a strong push effect, bring about the steel futures rose sharply hundred points, boost market confidence. On the other hand, now approaching Labor Day, but now or will be in a pre-holiday stocking situation. Although overall lower steel prices, especially the site context, much real estate influence spread, the operating rate is generally inadequate, but the overall trend tends to rise. And the holiday, pre-holiday stocking has increased, or will lead to the outbreak of centralized procurement requirements, which continue to move up market transactions, pushing up steel prices upward. Falling more than a year of iron ore led to the release of some foreign mining cost reduction signal production capacity in this message driven ore prices finally ushered in a wave of a strong rebound, Platts iron ore index rose continuously since mid-April and the success of a firm $ 50 mark. This is from the collective rebound in commodities this year, ferrous metal prices rose significantly. The sharp rise in raw material prices, a great short-term boost market confidence, were active, traders entertained situation recurs. Overall, bearing net to remind you to note that, although the current iron ore prices soared, promote steel prices continued to rise, but, on the whole, this is not a good time to permit access, and domestic Economic recovery still takes a long time to ease up, iron ore supply continued in oversupply situation. Should ore price stagnation or decline soon, will rebound in steel prices caused by the fault, what will hit bottom. The short-term surge in iron ore prices by the red-hot steel market turnover unprecedented improvement in steel prices continued to keep rising, is expected in the short term, the trend will continue to go up. [Bearing net] will continue to provide the majority of the bearing industry to provide the latest and the most timely and cutting-edge bearing information! Want to know more bearing information, try clicking axis Network: www.zcwcn.com