The answer to the difficult logic of steel market is...

After yesterday night after the low open concussion, today's domestic black system as a whole presents a wide high shock pattern, the market repeatedly saw, after a large area turned green and back, but the afternoon began to strong pull up again, until the close of iron ore failed to turn red, other varieties are closed concussion.

Spot market consolidation, not particularly good, there is no particular bad, a small area to facilitate the delivery of a small area, a small rise in some areas, the shipping situation is mixed.Market inventory is still high, and due to the existence of price difference, more operations on the current schedule, poor inventory liquidity, serious SI warehouse situation, hangzhou and other places, the phenomenon of full warehouse capacity, warehousing companies have issued overdue charge warning.

Even so, the medium and long term bullish sentiment of the market is still optimistic. Under the premise that the macro environment is good (strong capital liquidity) and the steel market demand expectation exists (the demand increases after the coming of the plam), the driving force of the capital market is still in competition, and the market shows a very strong resilience.

Now, the market is still in the capital and the expected way, in this case, the underlying market is not too much, and high cost of raw materials to support the callback space form at the bottom of the palm, coke at steel mills cut after the crackdown began to breed will rise, iron ore up more than down less and sometimes crazy, in this case, a short it will be hard to save on emotion and power down, and long after the attack on continuous blocks face a fear of heights and demand situation, etc.

Therefore, before the successful release of long selling pressure and short side forces did not take shape, this high wide shock situation will be repeated deductive.

Prices, according to the monitoring data shows that, today, the domestic major cities Ф 25 mm tertiary rebar average price of 3760 yuan (tons of price, similarly hereinafter), relatively flat yesterday;Domestic major cities Ф 6.5 mm line average price is 4027 yuan, is 1 yuan yesterday;The average price of 5.5mm hot rolled coil in key cities in China is 3904 yuan, down 1 yuan compared with yesterday.The average price of 1.0mm cold plate in key domestic central cities is 4,349 yuan, 5 yuan more than yesterday;Domestic key city 20mm board average price 3903 yuan, compared to yesterday up 4 yuan.

In terms of raw materials, today, tangshan Changli 150*150 carbon square billet 3420 yuan, compared with yesterday flat;The 61.5% grade Australian PB iron ore powder price at Jingtang Port was 865 yuan, unchanged from yesterday.Tangshan area quasi - one - class metallurgical coke tax included to the factory price of 1860 yuan, flat compared with yesterday.