Introduction
The three exchanges yesterday night, the night of May 31st is expected to resume trading; Bank: May CPI year will continue to rise; the two quarter growth rate of investment in fixed assets or fell slightly to 8.8%; the United States in the first quarter GDP growth revised 1.2%; infrastructure demand second half steel prices or high volatility; Qingdao port 62% grade iron ore prices fell about 4%.
Market
1, as of May 26th, the country's 24 major markets rebar 20mm HRB400E average price of 3870 yuan / ton, compared with the previous trading day down 15 yuan / ton. The country's 24 major markets, 4.75 hot-rolled coil average price of 3335 yuan / ton, compared with the previous trading day down 9 yuan / ton. China's 23 major markets, 14-20mm Pu central board average price of 3411 yuan / ton, compared with the previous trading day down 10 yuan / ton. The average price of 1.0mm cold rolled coil was 3851 yuan per ton in the 23 major markets nationwide, down 9 yuan / ton compared with the previous trading day.

Comments: yesterday, the domestic steel prices continue to fall, the market confidence is relatively inadequate, the transaction is generally. It is understood that the futures concussion weakened to bring greater pressure on the market, especially after the intraday crash, the downstream buyers wait-and-see mentality is more concentrated, not light orders. The small dragon boat festival is approaching, the replenishment of the market before the holidays failed, while the pre shipment cash behavior increased, but also suppressed the market atmosphere. In June, the rainy season is approaching, the demand to wait and see increases, and supply also maintain higher production, supply and demand pressure further, everyone, the disadvantaged may increase the callback. However, today is Saturday, futures are not opened, the spot market lack of guidance, coupled with today's Dragon Boat Festival before the last trading day, the market price or a smooth wait and see.
2, Tangshan Pu Fang fell 10 yuan to 3090 yuan / ton; 62% Platts iron ore index was 58 U. S. dollars, down 1.05 U. S. dollars.
Yesterday, 3 white plate, the main thread 3240 to close down 14; the main coil 3116 to close down 40; the main iron ore 454 to close down 3; the main coke 1544 up 1; the main coking coal 1033 to close down 16.5. (Note: the change of all principal contracts is the difference from the previous day's settlement price.)
4, the Shanghai composite index reported 3110.06 points, up 0.07%, turnover of 171 billion 327 million. Shenzhengchengzhi to close at 9859.23 points, down 0.35%, turnover of 208 billion 160 million. Gem index reported 1759.63 points, down 1.02%, turnover of 59 billion 710 million. Two cities total turnover of 379 billion 487 million.
5, the U.S. dollar index rebounded to a week high, as of May 27th, Beijing time, 05:31 index of 97.42 U. S. dollars; the central parity of RMB against the U.S. dollar 6.8698 yuan, 3 basis points devaluation.
6, London metal shock, LME copper fell 1.07%, to 5662 U. S. dollars / ton; Lun aluminum fell 0.46%, to 1951 U. S. dollars / ton. Lun Ni rose 0.55%, to 9085 U. S. dollars / ton. Lun zinc rose 0.44% to $2644.5 / ton.
7, WTI crude oil futures closed up 0.90 U.S. dollars in July, or 1.84%, at 49.90 U.S. dollars / barrel.
Macro and micro
1, the central bank: Friday for 20 billion and 7 days and 20 billion and 14 days of reverse repurchase operations, the winning rate was flat at 2.45% and 2.6%. There will be 20 billion reverse repo date. Analysts said that although the month before the end of liquidity may face some pressure, but the overall risk is not big.
2, Vice Minister of the Ministry of construction Lu Kehua: in advancing the reform work shed, accelerate the studio to change the construction progress of the project; to promote the studio to change the monetized resettlement, promote commercial housing inventory, supply adequate market in the three or four line of the city and county to inventory. Ensure that the completion of this year started 6 million sets of studio reform tasks.
3, China Machinery Industry Federation: in April 2017, the country's 22 main roller manufacturer, sold 2177 kinds of roller. 2017 1-4 months, the national road roller cumulative sales of 6051 units, an increase of 4115 units in 2016 compared to the same period, an increase of 47.05%.
4, the United States: the first quarter of the actual GDP annualized quarter ring correction value of 1.2%, a record low for the first quarter of 2016, is expected to 0.9%. Economists predict that consumption growth in the two quarter is expected to be strong as job levels and wages rise, and GDP growth will rebound in the two quarter of the United states.
Trade
1, Securities Daily: as June approaches, the price of the coal price of the long association is approaching, and the coal and electricity parties enter the game stage again. In the case of lower coal prices in the market, the downstream power plants reduce the purchase of long association coal. Therefore, the industry believes that large coal long association coal prices down basically become a foregone conclusion.
2, Ningbo: 2017 key construction projects have been determined, a total of 482 projects designed, with a total investment of 891 billion 500 million yuan. Projects include major ports, highways, rail transportation, rapid road network construction, cross river bridges and other major infrastructure, is expected to drive 29 million 419 thousand and 500 tons of steel demand.
3, Hebei: the future of coal is the key, adjust the structure of “ in 13th Five-Year the province during ” to shut down more than 4 million kilowatts. This year in accordance with the requirements of the provincial government to ensure 500 thousand kilowatts, 1 million kilowatts and strive to shut down, the second batch of units and docking plan is by cities and counties and enterprises, strive for before the end of May announced.
4, the Baltic Dry Index fell 0.65%, at 912 points, fell for tenth consecutive days, a record low since the beginning of March.