Iron ore rose, steel futures rebounded, will steel prices still fall?

On June 16, domestic steel prices fluctuated weakly, and Tangshan Pu billet rose 10 yuan to 3,310 yuan/ton. Affected by the rainy and rainy weather in the south, today's construction site purchases are still low, and some merchants cut prices and ship. Black futures opened lower and moved higher, iron ore futures led the gains, and the closing price rose above 781 yuan/ton. The main closing price of the snail is 3599 yuan/ton, returning to the top of MA5, DIF and DEA double down, the technical indicators are neutral, and the cost end is strong.

It is understood that the country is currently undergoing a heavy rainfall process. Affected by this, construction sites in many regions have been temporarily suspended, and steel demand has declined. In addition, affected by the epidemic, some traders were cautious in their operations, and the market trading atmosphere was sluggish, which inhibited speculative demand. However, due to the strong iron ore prices and the continued rise in coal prices in some regions, raw materials have strong expectations for cost support, and the probability of a short-term steel price decline is unlikely.

Concerned about the increase of 50 yuan/ton in the sixth round of coke: Since 0:00 on June 17, the ex-factory price of metallurgical coke of coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai'an and other places in Shandong Province is at the original price On the basis, they all increased by 50 yuan/ton.

According to the National Bureau of Statistics, in May, the output of construction machinery increased by 38.4% year-on-year, an increase of 17.5 percentage points from the previous month. Among them, the output of excavators increased by 82.3% year-on-year, an increase of 32.8 percentage points from the previous month; large and medium-sized tractors and concrete machinery increased by 56.1% and 42.2% respectively.

At the same time, the 25 mainframe manufacturing companies included in the statistics in May sold a total of 31,700 sets of various types of excavation machinery products, an increase of 68% year-on-year, and continued to rise for three consecutive months. It also reflects the continued strength of current infrastructure investment and has become a supporting economy. , Supporting important aspects of steel prices.