Steel market is crazy for many years has not been met, a rise and then rise to a lot of people by surprise.

Yesterday (March 7th), the domestic steel spot and futures prices remain hot market. Among them, the black futures varieties have a word limit price. The crazy futures market also makes the spot market prices rose again.

"Daily economic news" reporter noted that the day Hangzhou, Shanghai, Jiangsu regional market prices rose 100 yuan / ton or so, some of which is a direct pull up 150 yuan / ton, most of the businesses have been selected to seal.

For the steel city has gone crazy, Zhuo and information analysts Wang Yulu to the reporter said, "the rose is since 2008 again such a substantial upward price, belonging to the 2015 prices fell to a 15 year low of a retaliatory rebound."

Business community Steel Branch ho Hang Sheng, chief analyst thinks, March 7, steel prices ushered in the three years the largest one-day rise, direct fuse is the weekend billet 240 yuan / tons of rallies. However, the most direct reason for this round of the rally or raw material iron ore and iron alloy market prices rose." He also believes that the short-term surge in the same time the risk is also gathering, the price of steel is facing the risk of callback.

Ferrous metals futures market across the board limit

On Friday night drive stage, two of the country this year, the policy expected upturn, the decline of the dollar, Tangshan Expo limited production and other factors drive, commodity prices rose sharply overall, screw steel, iron ore futures limit. By the end of the week, Tangshan steel billet prices rose 240 yuan per ton, steel, strip steel prices rose by more than 200 yuan per ton.

Strong rise of the consequences is greatly boosted the market weakening confidence in spot market prices continue to see the hope.

March 7th, the futures and spot markets have emerged crazy rise. Futures market, the 7 day closing black metal futures market all the word limit.

Spot, the price of iron ore prices by the impact of rising prices, a single day surge 20~40 yuan / ton. Finished product, steel varieties rise highlights. Among them, construction steel prices led the gains in the steel city, spiral increase in 200 ~ 300 yuan / ton; differentiation of the plate market, the coil and plate price rally is better, or for 100 ~ 300 yuan / ton; due to the low manganese alloy plate prices of silico manganese prices strong support and the increase is 150-350 yuan / ton.

7 steel city hot anomalies, mainly due to a new round of steel billet market rose caused by a new round of mentality, that is, to buy or not to buy up the psychological caused by speculation. In addition to NPC and CPPCC during convey to the central capacity determined in the steel industry, the market overall good mentality." He Hang Sheng analysis, 7 iron and steel industry continue to keep 3 month off to a good start trend and to extend the situation, shows a strong bullish mentality of the market, prices rose faster, has formed the whole industry chain of soaring prices.

However, he Hang Sheng believes that compared to the spot market, most of the terminal procurement began to shrink from turnover decreased, and traders began seal library operation, waiting for markets to stabilize after the ship.

Also raw material market a new round of rise with the rise in the downstream steel has been opened, but steel procurement demand has no obvious peatlands, it is expected that the ore of unrealistically high prices than yield to.

Late steel prices or will fall

Interview, a number of industry insiders believe that the current point of view, steel mills, traders are actively pushing up, the market mentality has been completely changed, the short term is still bullish on the market.

"Three" gold "of the iron and steel industry considerable market the most direct cause of formation is the raw material of iron ore and iron alloy market price rose, but the root cause of the rally is 2015 steel industry oversold market and 2016 country of iron and steel industry capacity to determination." He Hangsheng pointed out.

This week, the steel spot, futures prices continue to rise sharply, then the next week, how the trend of steel prices?

In this regard, he Hang Sheng believes that early gains is always slow and accompanied by a callback and shock, the current rally is fast and with crazy boom, it is expected that can not be sustained, and there is a greater risk of callback.

Reporter from last week's fundamental data see, although the mill operating rate is on the rise, but still less than 80%; steel profits also rebounded and covers a wide, but to highlight the short-term profits; ore inventory decline, but to a lesser extent.

Therefore, He Hangsheng believes that this round of gains is expected to last up to a week, there will be a significant correction, but it will not fall to the level of last week. In the long term, is still optimistic, golden three market is expected to remain unchanged.

West Ben Qiu Yuecheng, chief analyst, said the new line, steel prices in the short term there is such a big rise, more policy is expected to pull the results of emotions, both sides of the steel supply and demand are good.

However, the current push steel prices are more emotional, the lack of market demand for the actual end of the market. If the latter part of the demand can not be followed up, steel prices rose after the risk of a sharp fall will face." Qiu Yuecheng on the "daily economic news" reporter said.