Hot rolled thread reverses the spot, but the futures upside down has been repaired
time2017/06/12
Subject to high temperature and rainy weather, terminal demand seasonal decline, super high profit under the high supply pattern is not broken, excluding this year out of capacity capacity utilization homeopathy rose 1.15% to 89.49%. Ultimately, the supply and demand marginalized, the Shanghai thread fell 2.43%. At the same time, or benefit from the terminal to the end of the library after a small cover, Shanghai hot-rolled up 0.64%, a change in the early weak situation. Correspondingly, the Shanghai hot-rolled and thread spot spreads narrowed around 110 yuan / ton to -450 yuan / ton, since March the hot snail upside down to a certain degree of relief.