Facing the high yield, steel futures price declines since may continue, the main contract on Tuesday is below 45 yuan/ton.
On Tuesday, the Shanghai futures prices. Rebar Main October 4479 quote contract once yuan/ton, fell to $48, 1.06%.
Since April, the spot and futures prices are steel after first lift movements. Antibacterial In the rising cost of futures contracts, steel main 1010 in early April 4898 reached the highest yuan/ton. But the government regulation measures on prices, architectural steel sharply. And last week by Greek debt crisis and the outer market shares tumbled, RB1010 contract later Tuesday 4500 yuan/ton below.
According to the national bureau of statistics, the data released on April crude steel output year-on-year growth of 5540 tons, 27% record highs. 1-4 months 2.139 output tons. The market price of steel, rose momentum continues to mid April, China's steel production enthusiasm. Due to the implementation of economic stimulus, downstream industry demand also remains strong. "It came as no surprise, crude steel prices peaked in mid-april, steel mega-destroyer production." The analyst zhang ping joint metal net.
According to "I steel nets" statistics, Shanghai steel used in mid-april price rises to about 4280 yuan, 1 month in 3760 yuan. At the same time, by overseas markets rebounded, domestic steel exports accelerated. According to the customs statistics released Monday, April steel net exports of highest since October 2008.
Earlier in March, steel exports has been restored to the level in December 2009. And April steel exports 431 tons, increase 98 million tons, compared more created after the financial crisis of the best level. International steel market price rises quickly, boosting domestic steel, steel exports export further expansion of higher profits to stimulate the exports of steel products in China.
However, China launched by tightening measures, the influence of the housing market personage expected later this year will be cutting steel production plan, in response to higher inventory and demand may decline. At present, in May of steel producer prices, most relatively low drive. Last month plates or
"I steel nets" XuXiangChun analysts think, at least seven months ago steel should not cut production. He says, unless the losses, or steel production, so will consider a cut in short-term will not meet steel production sharply. But if the steel continue unstinting production, steel market will face the threat, the negative effects will soon emerge in July.