Overall turnover is weak, EXPECTED PERIOD SNAIL SHOCK DOWN!

1. Rebar, steel’s fundamentals are still highly bearish. Affected by the decline in the price of finished products, the apparent profits and profit ratio of steel production are significantly reduced, the overall inventory rate slowed down, the relative increase in supply. The overall fundamentals show raw materials and finished products resonance, cost and profit double decline pattern. Note that the current furnace profits have tended to loss state, can be profit loss stop before falling, moderately bearish on the strategy. 2. Iron Ore, as steel mill operating rate continued to weaken, ore fundamentals continued last week’s trend, more bearish. Port inventories continued to accumulate in October, and overall inventories have now recovered to their highest level in nearly three years. In the short term, due to the traditional peak season in October steel demand continues to be weak, the future ore disk hard to have a strong market. China Steel Network Hot Information 1, DEVELOPMENT AND REFORM COMMISSION: Coal Medium-and Long-term Contract Implementation data system will be officially launched in early November, the National Development and Reform Commission said, recently, the evaluation and Supervision Department of the National Development and Reform Commission organized the National Public Credit Information Center and the National Coal Trading Center to develop and improve the data monitoring system for the implementation of medium-and long-term coal contracts. At present, the coal medium-and long-term contract performance data system has carried out a number of rounds of testing and trial operation, will be formally launched in early November, the coal flow of the Association for the whole process of closed-loop monitoring. Subsequently, the relevant State Departments will use the system, fraud and other related violations of the credit record into the national credit information sharing platform and “Credit China”website to the public. 2.1,000 yuan per ton at Hang Kou, coke, to be supplied to Liaoning. Coke, Shanxi, has responded positively to the call to keep the people of Liaoning warm through the winter, shanxi Coal International Sales Branch of the company signed a guarantee contract with the power generation enterprise entrusted by Shenyang Coal Supply and security work special shift of Liaoning Province for 90,000 tons (2 ships) , with a calorific value of 5,500 calories and a price of 1,000 yuan per ton in the pit. At present, the buyer is docking shipping company, after the payment for goods, send a ship to Qinhuangdao Port shipping. 3, the volume of coal prices, Shanxi coal prices per ton of more than 100 yuan, at present, Shanxi’s coal enterprises are in full production, coal production has steadily increased. As the supply of coal increases, the downward trend of market prices has gradually begun to appear. Recently, in Datong, Ordos and other places, have taken the initiative to reduce the price of coal pit, the reduction of more than 100 yuan per ton. The head of a large coal producer in Datong, Shanxi Province, said his group had pledged to supply 20.3 million tons of coal to Guangxi, Jiangsu, Jilin, Anhui, Shanghai and Zhejiang in the fourth quarter, at the same time, the northeast region to supply part of the thermal coal.