Steel prices will enter the adjustment phase, up and down fluctuations are limited

Commodities Futures closed mostly higher on Friday night, with U.S. NON-FARM PAYROLLS UP 2.509 million in May, unexpectedly exceeding expectations, driving U.S. stock index futures higher, the energy sector strong, and the black sector slightly higher, spot market wait-and-see sentiment is still strong, the overall volatility is not big. 1, the steel price rises 74, futures trend differentiation, this week after rising steel prices, shock higher. Rebar average price week up 74, hot coil average price week up 74, plate average price week up 46. Futures Trend Differentiation, the forward snail trend is stronger than the volume, thread week up 25, hot volume week down 27. Raw material end of the overall strong performance, iron ore Friday night pull up again, jumped up high open, up 18 to 760. Coke futures disk up 77 weeks, coking coal futures disk concussion, up 7 weeks. Billets rose 10 to 3,320 yuan per ton this week in a narrow range. Cost support is strong at present, but demand did not rise significantly, steel prices have support, there is pressure on. The global manufacturing PMI was weak at 42.2% in February and may, and has continued to contract since the outbreak, according to the latest figures released by the China Federation of Logistics and purchasing, the global manufacturing PMI rose 2.9 percentage points from the previous month to 42.4 per cent in May, but remained low, below 50 per cent for the fourth consecutive month, indicating a continued contraction in the global manufacturing sector that will continue to weigh on the release of demand for steel and pressure on international steel prices. 3, Iron Ore port inventory seven consecutive decline, shipments increased month-on-month, according to the latest statistics, iron ore 45 port inventory of 10,753.70, down 31.15 last week, the decline slightly narrowed. Shipments from the big four mines continue to increase month on month, but are still lower than last year. From May 23 to May 29, the four mines shipped 22.08 million tons, a year-on-year increase of 529,000 tons or 2.45 percent, down 520,000 tons from the same period last year. Of this total, China's shipments totaled 18.164 million tons, a month-on-month increase of 1.617 million tons, an increase of nearly 10 percent, and a decrease of nearly 600,000 tons compared with the same period last year, but short-term tight supply and demand pattern is still hard to break. The platts 62 percent iron ore index rose $1.75 to $100.95 on June 5, averaging $100.64 a month. The iron ore support is still there. 4, the fourth round of coke to increase 100 scope since June, with the expected increase in coke production, vehicles and other goods to further support the rise in coke prices. In Xuzhou, Shandong and Shanxi, some of the coke enterprises began the fourth round of raising 100 yuan / ton one after another, and the scope has been expanding continuously, steel mills'inventory has remained low, purchasing demand is strong, and the market mentality is positive. Judging from the current price, coke national average price in january-february this year's high is still about 100 room, this round of increase if it can fall, will also form an important support for timber.