Last week (September 10 ~ 14th), steel futures prices fell back, then began to Low hill climb, slow recovery. Steel futures main contract price quickly fell below 4100 yuan/ton and then breakdown 4000 yuan/ton pass. In contrast, rebar futures prices lower than the hot rolled coil futures prices, and its recovery momentum is stronger than the latter.

    At present, rebar main contract price has been restored to more than 4100 yuan/ton, and hot rolled coil plate main contract price is still hovering around 4000 yuan/ton, the two tons of material price difference has exceeded 100 yuan. In Monday, rebar futures prices sharply, the main contract high price close to 4300 yuan/ton, but by the negative factors dominated, the price downward pressure is too big, last Tuesday close to 4071 yuan/ton, the closing price fell 213 yuan/ton compared with the previous day, the price of last Wednesday continued to lower, and thus bottoming out, Prices rose slowly in Thursday and in the previous Friday period. Data show that as of 23:0 September 14, rebar main 1901 contract the latest price of 4155 yuan/ton, compared with the last trading day settlement price increased 80 yuan/ton, up 1.96%, lower than the same period in the previous week 85 yuan/ton, down 2%; high and low prices are 4156 yuan/ Tons and 4089 yuan/ton, the week-on-year reduction of 88 yuan/ton and 95 yuan/ton, respectively dropped 2.07% and 2.27%, the afternoon closing price of 4090 yuan/ton, the week down 96 yuan/ton, down 2.29%.

    The latest prices for the 1810, 1811, 1812 and 1905 contracts for threaded steels are 4520 yuan/ton, 4471 yuan/ton, 4221 yuan/ton and 3850 yuan/ton, respectively, up 2.15%, 1.57%, 0.24% and 0.65% from the September 13 settlement price. Hot rolled sheet price trend and rebar period price trend similar: The price spike in Monday, the main contract high price close to 4200 yuan/ton, also because the price downward pressure is too big, last Tuesday close to 3969 yuan/ton, the closing price fell 195 yuan/ton compared with the previous day, the price of last Wednesday continued to lower, and then rebound,

    The prices of last Thursday and last Friday resumed slowly and rebounded. Data show, as of September 14 23:0: Hot rolled Coil Main 1901 contract the latest price of 4035 yuan/ton, compared with the last trading day settlement price increased 37 yuan/ton, up 0.93%, but lower than the same period in the previous week 113 yuan/ton, down 2.72%; high and low prices are 4038 yuan/ Tons and 3985 yuan/ton, the week-on-year reduction of 116 yuan/ton and 125 yuan/ton, down 2.79% and 3.04% respectively, the afternoon closing price of 3992 yuan/ton, compared with the same period the previous week reduced 122 yuan/ton, down 2.97%.

  The latest prices for hot rolled coil 1810 and 1905 contracts were 4276 yuan/ton and 3800 yuan/ton respectively, up 0.78% and 0.13% respectively compared with the previous trading day. On the macroeconomic side, the information released by the National Bureau of Statistics on August 14 showed that industrial value-added increased by 6.1% in August over a year earlier, up 0.1% from July.

  Among them, the ferrous metal smelting and calendering processing industry grew 5.9%, the general equipment manufacturing industry grew 5.9%, the auto manufacturing industry grew 1.9%, the electrical machinery and equipment manufacturing industry grew 3.3%, the railways, ships, aerospace and other transportation equipment manufacturing industry fell 0.5%. January ~ August, the National Fixed assets investment (excluding farmers) grew 5.3% yoy, a 0.2% decline from January to July. Infrastructure investment grew 4.2% year-over-January, up 1.5% from July, and the National Real estate development investment grew 10.1% from January to July, 0.1%; the floor area of the building fell by 11.6%, real estate development enterprises in place funds domestic loans fell 6.6%, the use of foreign investment fell 68.3%.

  At present, domestic and foreign political and economic situation, international trade dynamics directly affect the market mentality and the industry expectations of future, become an important factor affecting the price trend of steel futures. At present, the market mentality is not stable, steel market price increase momentum and the pressure of falling back together, I expect the recent steel prices will continue to adjust fluctuations.

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