Rebar continues to maintain the situation of raw rice
Ningbo Qianxing Electronic Technology Co., Ltd. , https://www.kysoncool.com
The semi-trailer trend of rebar has been maintained for more than half a year, and it has always been entangled in the dilemma. On the one hand, the high cost and the weak demand on the other side, the rebar seeks a way out in the crack but fails. Fundamental: The central bank announced on March 29 that today it is conducting a repurchase operation with interest rate bidding. The transaction volume is 20 billion yuan, the period is 91 days, and the winning bid rate is 3.14%. The central bank continued to suspend central bank bills. Previously, the central bank launched a 20 billion yuan repurchase operation on March 22, with a term of 91 days and a winning bid rate of 3.14%. The slowdown in China’s economic growth has led to a sluggish demand for shipbuilding. The Chinese government has set a 2012 economic growth target of 7.5%, a new low in eight years, which has caused people to start worrying about the slowdown in demand for steel powers. The stagnant power system reform is expected to restart. The reporter learned from the people close to the National Development and Reform Commission that the National Development and Reform Commission has set up a special reform group for power transmission and distribution, to study and formulate separate transmission and distribution plans, and promote pilot work. This year's government work report clearly puts forward "promoting the reform of the power industry"; the State Council approved the "Opinions on the key work of deepening the economic system reform in 2012", saying that this year will "deepen the reform of the power system and steadily carry out pilot projects for transmission and distribution." Industry: On March 29, 2012, the MBIOI-62% price index was US$147.55/ton (CFR, Qingdao Port), up by US$0.50/ton from the previous day's US$147.05/ton, or 0.3%. The MBIOI-62% price index settled today at $147.55/ton, up $0.50/ton from the previous day, and the current strength is still strong. 63.5% of Indian mines are 149-151 US dollars / ton, unchanged from the previous day. Yesterday, China Steel Association estimated that the average daily output of China's crude steel in mid-March 2012 was 1.919 million tons, an increase of 1.1%. India's 2012/13 iron ore shipments fell by up to 57%, affected by mining bans and export tax hikes, which will make the country lose its position as the world's third-largest iron ore exporter and push the global iron Ore price. According to industry estimates, India's 2011/12 iron ore output is expected to reach 150 million to 160 million tons, much lower than the previous year's 208 million tons. According to the new government agreement, about 10% of NMDC production next year may be sold to Japanese steelmakers. Following the export of 400,000 tons of iron ore to Japan and China this fiscal year, the company will probably only export iron ore to Japan in 2012/13. Technical side: The situation of rebar finishing on the 8-day moving average is still difficult to break. If there is no substantial change in the fundamentals of the market, it is expected that the situation of raw rice such as rebar will be maintained. The operation is not strong, it is recommended to wait and see.