Lately the main thread 1605 remained at lower volatility, finished reduced on Wednesday, had been up 2 take into account close at 1656, Yiwu Wholesale Market traded 3, 471, 000 hand, hands positions by eighty six, 000 to 3. 074 million hand. Through the current fundamentals, metal will remain phased débauche.

Continued weakness within the real estate market in Yiwu City, plus the present season and in iron consumption, which confines rebar prices strengthen rebound. According to appropriate data show which since 2014 the expansion rate of real estate construction area completely down to the location of the current two percent, new building area from earlier 2014 after the recession has been in a state associated with atrophy, in 2015 the annual development rate will remain in under -10% bad downstream demand is actually evident. Under reduced demand, prices carried on to decline without your knowledge, some steel generators began to cut creation, the recent work operating rates dropped significantly, as the nationwide steel capacity usage rate of twelve. 4 76. nine percent, the lowest degree for the past few years, even though starts fell, however production reduction much more limited, the current countrywide average daily primitive steel output continued to be at 2 . one million tons over a still relatively abundant sufficient to lead to higher costs. From the current tariff of rebar absolute viewpoint, has been at a low-level, the vast majority of steel generators at a loss. Yiwu Market And the current iron ore rates fell to beneath $ 40, continue straight down the space is relatively restricted, it is expected that this space below the rebar is also more minimal. Overall, the increase sought after can not be effective prior to the yield did not considerably reduce the steel price ranges will remain low unpredictability state. Outlook began to focus on the stainlesss steel case, after the Springtime Festival market or even go to cut up.

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