Steel prices are expected to narrow range adjustment next week, after the high still have a small drop in space

This week, the black futures trend strong, spot shock weakened, five varieties for two weeks in a row, off-season demand downward pressure gradually highlighted, but because the cost support is still in, output growth slowed, steel prices hard to fall. There are experts interesting solution to the recent section of the steel city: A FLASH IN THE PAN rise in price, the downward trend of covetousness! Do you agree? What's the going rate next week? We continue to look down: Futures Strong, spot trading cautious July start, off-season demand downward pressure highlights, steel prices overall show weak trend, especially in building materials trading in the near two-month low, rebar average price week fell 41, the weekly average price of hot coil fell 10, the weekly average price of medium plate fell 7, building materials are weaker than plate, and continued heavy rainfall in the south, and this trend will last at least until mid-july. Futures, Friday rose, night trading high shock, a small rise, forward spiral up 16 to 3619, forward volume 2 to 3599, the trend is weaker than finished materials, iron ore up 3 to 747, coke down 23.5 to 1851, coking coal down 2.5 to 1190.5. Beware of pressure to pull back next week. The inventory increase ended in late June 10 consecutive decline in late June, the south continued heavy rainfall on the impact of steel demand gradually highlighted. In late June, 12.16 million tons of five major steel products were stored in 20 cities, up 30,000 tons or 0.2 percent from the previous ten days, ending a 10-day decline, according to CISA data. Meanwhile, stocks fell 39.8 percent to 8.05 million tons from their peak in early March and rose 78.4 percent to 5.34 million tons from the beginning of last year. This shows that the drop in demand has started to accumulate, and the pressure is less than the peak in March, but it is still nearly 80% higher than the stocks at the beginning of the year before the epidemic. It is worth noting that the growth rate of output has slowed down, with the daily average of crude steel falling slightly by 0.01% compared to the same period last year, but it is still 5.7% higher than the daily average of the same period last year. This shows that the output is at an all-time high and the phased increase in output has slowed down, and Steel, pig iron ring ratio and year-on-year growth trend, steel price support is limited. The support for raw materials has changed, the support for raw materials has loosened a little, Vale is expected to produce strong output in the second half of the year, the end of Friday night trading of raw materials, coke and coke both fell, iron ore high shock, the rising momentum slowed significantly. In recent news, CVRD CFOPIRES: iron ore prices are expected to fall in the second half of the year, iron ore production is expected to be strong in the second half. The target of 310-330 million tons of production by 2020 and the target of 400 million tons of production capacity by 2022 remained unchanged, according to a video conference between CISA and CVRD. In the last two weeks, iron ore shipments from Australia and Brazil continued to rise month-on-month, with a total of 28.527 million tons shipped from 19 ports in the last week of June, an increase of 1.956 million tons month-on-month, mainly from increased production in Brazil, continue to pay attention to the impact of the follow-up epidemic changes in shipments. Weather Factors, heavy rain blue warning continues, the next 10 days of rainfall is still more, Meiyu season usually lasts until mid July, according to the China Meteorological Administration forecast, the next 10 days of rainfall in the south is still more, and on July 4, the China Meteorological Administration continued to launch a level 4 emergency response to heavy rain, a major meteorological disaster. On July 3, Wang Zhihua, a spokesman for the China Meteorological Administration, said at a press conference that from July 4 to 13, the main rain belt will still be located in the eastern part of southwest China, the northern part of the Yangtze River, Kong Hon, Jianghuai to Huanghuai, the rainfall in most areas is 50% to 80% more than that in the same period of a year, and in some areas it is more than 100% more. Among them, July 4-7, the southwest region east to the Yangtze Plain area of rainfall will once again strengthen. Chongqing, Guizhou and parts of Kong Hon, Jianghuai, north and south of the Yangtze River have large to heavy rain, local heavy rain. To sum up, the current macro atmosphere continues to be good, and further increase market price will limit, but the Meiyu season has not been eliminated, the game will continue to be long and short. Southwest to the Yangtze Plain and other places in the next week still have a round of heavy rain, reservoir pressure continues to increase, the current high price turnover cautious, steel prices are expected to narrow range adjustment next week, after high still have small drop space.