Coal tar steel futures "high premium"

In September, the demand of the carbon steel spiral welded tube traditional peak season has yet to see release, coking coal, coke, rebar futures market demand for good expectations "empty", the price had to "water" again. Analysts pointed out that the "golden nine silver ten" is seamless carbon steel pipe 90 degree long radius elbow likely to be lower than expected, the early stage of the coking coal, coke, the high premium rebar has expected, but it expected demand is still difficult to see that the back pressure.

At the end of June to mid-august, city of black steel seamless pipes xs astm a106 b tube coking coal, coke, rebar are deduced a wave strong rally, 1401 main rebar futures contracts have gained up to 11.8%, the coke reached 19.9%, 19.8% of coking coal.
Sept. 10, Shanghai main rebar futures contract price closed at 1401, 3736 yuan per ton, dalian respectively main A106 High quality carbon structural steel tube coke, coking coal futures contract closed at 1609 yuan per ton and 1156 yuan per ton. "Coke too exaggerated, overdraw the demand in winter, the spot market the highest premium 18%." Futures analyst said that the spot behind, short-term "steel capital" futures may be weak, start to fall expected caused a wave of lift, but the spot price is driven hard, now showed signs of the spread of regression.

Rebar has risen. On August 14, rebar futures once the highest to 3848 yuan per ton, at a time when the spot price is only 3640 yuan per ton. Market participants pointed out that the standpoint of discount from the spot, since the middle of August futures callback, in the Shanghai area tertiary rebar spot premium range of main futures contracts have widened, though nearly three days shrink again, but the discount rate is still high of 240 yuan/ton, so in the short term with weak spot end support for the futures.