June 7, the relevant agencies monitoring data show that in the past week (May 30-6 3 May), the domestic spot steel prices slightly higher overall, but the differences are significant regional trend.
    As of June 3, the Shanghai area weekly steel price rose 30 yuan / ton, at 4890 yuan / ton; Beijing strong regional steel price rose 70 yuan / ton, reported in 5090 yuan / ton; while steel prices were flat in Guangzhou region, reported 5290 yuan / ton.
    Analysts believe that after the Dragon Boat Festival in the low inventories and demand for end-driven replenishment, construction steel prices are still slightly ascribed power. However, the overall bearish macro side, commodities in general in a weak steel prices up space will be inhibited.
    Trend of differentiation of varieties of steel
    Latest data show that domestic steel prices index last week rose 0.34%, which rose 0.70%, long products, plate down 0.06%.
    From the price index, prices of long products is stronger than the price of plate varieties. Inventory data from the point of view of steel, long products to the inventory levels have significantly stronger than the plate type varieties.
    Statistics show that China's major cities last week for 13 weeks distributor inventory levels fell, a decline of 1.3% in inventories fell 2.9% in long products, flat sheet stock rebounded by 0.2% qoq.
    In addition, according to the relevant institutions to monitor last week, prices of major steel mills cautious price increases. From early June the price policy, Sha Steel, Hebei Iron and Steel's wire rod, rebar prices remain unchanged, but the sand Steel, John Steel, transit prices were raised on a spiral disk 50 -150 yuan / ton.
    Analysts said the varieties of steel continue to divide, the current variety of long products is still obvious advantages, the high proportion of long products have certain performance guarantees and the company have the advantage.

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