Sinosteel Futures: overall decline in Real Estate Market data negative Steel demand

SMM News: [fundamental changes]

Thread market: yesterday the domestic construction steel price rose slightly, the market transaction is general. Driven by the macro good news, the night market rose sharply, the spot market mentality is strong, yesterday morning trading merchants quoted price rose, the transaction is OK, the intraday part of the resource quotation is raised twice, the transaction is general after the rise, the high transaction is weak, the price of individual resources is negotiable. It is expected that the market price of building materials today will be dominated by consolidation.

Hot rolling market: yesterday, the domestic hot rolled coil price was raised and then suppressed, and the market transaction as a whole was general. Early futures market concussion upward, spot market mentality is more optimistic, business quotations continue to rise slightly, but the demand has not improved significantly, the transaction as a whole is general. In the afternoon, with the decline of futures, the market wait-and-see mood increased, business quotations also fell slightly. The price of hot rolling market is expected to be weak today.

Material price: Tangshan 20MNSI billet at 3490 yuan, up 20% Q235 billet to 3490 yuan, up 20%.

[comprehensive analysis]

Yesterday, the black variety futures price showed a high fall trend, the main 1910 rebar contract hovered above 3600. Real estate data released by the Bureau of Statistics yesterday showed that from January to July, investment in real estate development nationwide was 7.2843 trillion yuan, an increase of 10.6 percent over the same period last year; new housing construction area of 1.25716 billion square meters, an increase of 9.5 percent; commercial housing sales area of 887.83 million square meters, down 1.3 percent from a year earlier; and commercial housing sales of 8.3162 trillion yuan, an increase of 6.2 percent. At the end of July, the area of commercial housing for sale was 498.76 million square meters, 2.86 million square meters less than at the end of June. Real estate data fell across the board, showing that under the role of strict overall regulation and control policies of the property market, real estate investment has begun to abate, and land investment by housing enterprises in the later period will tend to be rational. It is expected that the growth rate of the real estate market will continue to fall in the second half of the year. Steel futures prices are expected to fall mainly in the near future. It is expected that the screw thread 1910 contract will fall today, the target price will be 3650; the hot rolled 1910 contract will fall, the target price will be 3650.

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