Chinese steel market sentiment index: high consolidation this week, Steel price rise 12%
April 8, 2016

Chinese steel market sentiment index continued high consolidation, although the plate varieties declined slightly, but all varieties sentiment index is still hovering between 60-80. This week on the market, cash resources tight specifications, traders reluctant to sell sentiment and no significant pressure concentrated, market prices thus continued elevation, especially in North China rebar prices close to 2600 yuan / ton, Chongqing, Chengdu, Southwest China Zhou also rose 200 yuan. Currently, the market without a lot of strain on the resources and the late arrival of more active business mentality, expected next week, the domestic steel market or continue to be strong. Specific varieties index, 8th rebar sentiment index was 83.34, up 0.92 compared with 1 April; hot rolled coil sentiment index was 68.35, up 7.39 compared with April 1; cold rolled coils sentiment index was 59.15, increase over April 1 4.83; plate sentiment index was 76.79, compared with April 1 fell 8.56; structural steel sentiment index for 84.09, compared with April 1 rise 2.59. Details are as follows chart: Item April 1 April 8 trend rebar, hot rolled coil rose 82.42, 83.34, 60.96, 68.35, 54.32, 59.15, increase in cold rolled steel plate rose 85.34, 76.79, 81.50, 84.09,  rise structural steel drop
Explanation: The index greater than 50 representatives of the expansion or increase or rise or rise less than 50 contrary, equal to 50 representatives unchanged