Heavy pressure above Shanghai Steel continues to bottom

Heavy pressure above Shanghai Steel continues to bottom • Weekly market rebar: K-line shows that the main thread contract RB1310 continues to fall for two weeks, and the center of gravity continues to move downwards. Last week, the opening price of 3391 yuan / ton, the highest price of 3442 yuan / ton, the lowest price of 3382 yuan / ton, the closing price of 3424 yuan / ton, compared with the previous week rose 15 yuan / ton, or 0.44%; volume 5,215,154 hands, compared with the previous The decrease was 7.3% in the week; the holdings amounted to 1,779,256 lots, slightly down 0.9% from the previous week's position.

• Industry data and news 1. Customs statistics show that from January to May, China’s total value of imports and exports was 10.51 trillion yuan (equivalent to US$167.62 billion), which was a 10.9% year-on-year increase after deducting exchange rate factors. Among them, exports were 5.51 trillion yuan (equivalent to 878.56 billion U.S. dollars), an increase of 13.5%; imports were 5 trillion yuan (equivalent to 797.69 billion U.S. dollars), an increase of 8.2%; trade surplus was 507.94 billion yuan (equivalent to 808.7 percent). One hundred million U.S. dollars). In May, China’s total value of imports and exports was 2.15 trillion yuan (equivalent to US$345.11 billion), an increase of 0.4%. Among them, exports were 1.14 trillion yuan (equivalent to 182.77 billion US dollars), an increase of 1%; imports were 1.01 trillion yuan (equivalent to 162.43 billion U.S. dollars), a decrease of 0.3%; trade surplus was 127.84 billion yuan*** (equivalent to 204.3 One hundred million U.S. dollars).

2. According to data from the National Bureau of Statistics, in May 2013, the national consumer price level rose by 2.1% year-on-year. From January to May, the national consumer price level rose by 2.4% over the same period of last year. In May, the nation’s overall consumer price index fell by 0.6% from the previous month. In May 2013, the ex-factory price of industrial producers nationwide fell by 2.9% year-on-year, a decrease of 0.6% from the previous month. The purchase price of industrial producers decreased by 3.0% year-on-year and 0.6% from the previous month. From January to May, the ex-factory price of industrial producers decreased by 2.1% year-on-year, and the purchase price of industrial producers decreased by 2.3% year-on-year.

3. In May 2013, the added value of industrial enterprises above designated size increased by 9.2% year-on-year (the growth rate of the following added value is the real growth rate after deducting price factors), which is 0.1 percentage point lower than that in April. From a month-on-month perspective, in May, the value added of industries above designated size increased by 0.62% from the previous month. From January to May, the industrial added value above designated size increased by 9.4% year-on-year.

4. From January to May 2013, the national fixed asset investment (excluding rural households) was 1,311.1 la, which was a nominal increase of 20.4% year-on-year, and the growth rate was 0.2 percentage points lower than that in the first four months. From a month-on-month perspective, fixed asset investment (excluding rural households) increased by 1.43% in May.

5. From January to May 2013, the investment in real estate development nationwide was 2.6798 trillion yuan, a year-on-year growth of 20.6%, and the growth rate was down 0.5% from January to April. From January to May, the area of ​​new housing starts rose by 1.0%, and the growth rate fell by 0.9% from January to April. The area of ​​land acquisition by real estate development companies decreased by 13.1% year-on-year, and the decline rate was increased by 4.5% from January to April. Land transaction prices The growth rate was 3.7%. The growth rate was 6.9 percentage points lower than that in the first four months.

6. According to the data released by the National Bureau of Statistics, the output of China's steel (3477, -6.00, -0.17%) from January to May 2013 was 4,261.6 million tons, up 10.8% year-on-year; of which, 99.19 million tons in May, up 11.3% from the same period of last year. The average daily output was 2.942 million tons, an average daily increase of 0.7% from the previous month, and a record high.

7. According to customs statistics, in May 2013, China imported 1.25 million tons of steel, a decrease of 21,000 tons compared to the previous period, with an average daily decrease of 4.8%, a year-on-year decrease of 61,000 tons, an average daily decrease of 4.6%, and a steel export volume of 5.41 million tons. , the chain decreased by 148,000 tons, an average daily decrease of 5.8%, an increase of 204,000 tons, an increase of 3.9%; steel billet imports 50,000 tons, exports of 0, continue to maintain high. The net export volume of crude steel for conversion was 4.376 million tons, a decrease of 144,000 tons compared with the previous period, and the average daily average price was 6.3% lower than last year, an increase of 261,000 tons year-on-year, an increase of 6.3%.

• In terms of fundamentals reading the spot market, last week the Myspic Composite Index rose first and then declined to 127.26 points, down 0.40% from the previous week, and the decline has slowed. At the beginning of the week, the price of snails and raw materials rebounded, and the sentiment in the spot market improved, driving the price of some varieties to rise and fall. As the rebar futures price returned to a weaker trend, the market volume also contracted, and the rebound in the steel market was obviously insufficient. The prices of major products went down again. After the Dragon Boat Festival holiday, steel prices continued to fall, the market volume was light, and the overall pattern of bottoming continued. As of last Friday, the average prices of the 6.5mmQ235 high-line and 25mm HRB400 rebar in 28 major cities in China were 3,443 yuan/ton and 3,440 yuan/ton, respectively, down 41 yuan/ton and 45 yuan/ton from the previous week.

In terms of inventory, the inventory of rebar in major cities in the country is 7.84 million tons. Compared with last week (2013-6-7), the national inventory of rebar fell by 60,700 tons last week, a decrease of 0.77%, which was a decrease from last week. Narrowing; Compared with the same period of last year (2012-6-15), an increase of 75.53 million tons, an increase of 10.66% year on year, the year-on-year increase continued to narrow.

In respect of raw materials, domestic iron ore prices were relatively stable last week, and imports of iron ore were steadily rising. Some domestic steel mills have taken a small amount of supplements in consideration of the fact that demand remains high and the current price of imported iron ore is not high. Inventories, most businesses temporarily rely on wait and see.

• This week's trend forecast is due to the Dragon Boat Festival holiday break, the recent site inventory is not much, the spot business to speed up the shipment, some areas offer slightly lower. On the disk, in the first two weeks, the main rebar 1310 contract remained bearish. The 1310 contract continued to fall in the week before the Dragon Boat Festival, and the long and short-term competition began around the 3400 line. However, the overall situation could not leave the short position. It is expected that there will still be room for falling market outlook. Concerned about the support of the 3400 line, if it breaks, the empty order can continue to follow up.

Samsung lm301b Quantum Board 110W

Samsung lm301b Quantum Board 110W, QB350 model, 1board with 350pcs led, meanwell driver, can do knob timer(optional).Can also do spectrum customized. Meanwell driver provide 5 yes warranty, normall driver 1yr warranty.

240W, 450W,600W available too.

System Led Grow Light works both for seeding, veg and bloom stages, promote the plant growth.

System Led Grow Light

Led Grow Bar Full Spectrum Hydroponic

Led Grow Light Complete Kit

Grow Light Quantum Board,Best Quantum Board Grow Light,Diy Quantum Board Grow Light,Samsung Quantum Led Board

Shenzhen Wenyi Lighting Technology Co., Ltd , https://www.wenyigrow.com