The weak performance of steel-strength coal on Monday did not continue: yesterday, rebar futures prices also suffered from coke, coking coal and iron ore together with Waterloo, and the decline in black products ranked at the top of the commodity decline list yesterday. The coke 1609 contract fell by a maximum of 5.24%, iron ore 1609 contract was 4.18%, coking coal 1609 contract and rebar 1610 contract fell by 4.16% and 3.81%, respectively.

Analysts believe that the rebar rebar futures rose sharply on Monday, mainly due to the news of blast furnaces in the Tangshan region. The market has a higher enthusiasm for speculation. With the speculation of the Tangshan limited production news, there is still room for short-term rebar futures prices. However, in the context of the low season demand, funds have been pushed up, and the economy is still under downward pressure. It is only relying on production restrictions and other news hype. Steel prices lack sustainable support. On the one hand, the downstream terminal demand in June was not good. After the steel prices experienced a sharp ups and downs in March and May, the profits of steel enterprises shrank abruptly. Even most SMEs have begun to lose money. Production is still operating normally and the operating rate is still at a high level. The contradiction between supply and demand still exists. On the other hand, the rebar futures rose sharply in March-April mainly based on the capital boost in the context of improvement in demand expectations. The beginning of late April, hot money began to flee, snail dropped, and once fell to 1900 yuan / ton below. With the enthusiasm of speculation cool down, rebar futures market outlook is still not optimistic, it is recommended that there will be a small amount of stock companies willing to make up the library, wet storage operations, fast forward and fast out of the appropriate.

“The black plate has a good linkage of all varieties, basically showing the same pattern of rise and fall. The main line of the evolution of black varieties can be attributed to the main line of profit evolution. The transmission of profit from the beginning of the year to the present is in turn: the profit restoration of steel plants and the repair of coking profits. The profit recovery of coal mines, steel mills' profit compression and coking profits are compressed.At present, when the profit reduction of steel mills is completed, when the compression of the coking profits is in progress, the profit reduction of coal mines is in the future. From this point of view, we know how to arbitrage. "Liu Liangliang, analyst of Yongan Futures said.