On June 7th, the national 35 key city city thread stocks were 504.23 minus 24.88, wire 144.00 minus 13.00; 132 city snail 754.12 minus 29.36, wire 248.00 minus 17.22 (ten thousand tons).
　　On June 14th, the country's 35 key city city thread stocks decreased by 26.51 in the 477.72 week, the wire was 132.01 minus 11.99; the 132 city snails were reduced by 34.31 in 719.81 weeks, and the wire was 234.91 minus 13.10 tons (10,000 tons).

　    However, as steel prices continue to rise, downstream reception is still to be digested, and high-temperature and rainy weather greatly affects terminal construction. The superimposed monthly fund and inventory pressure are still there. Then, how will the trend of steel prices change in the later period?

　Macro aspect:
　The People's Bank of China decided to reduce the RMB deposit reserve ratio of state-owned large commercial banks, joint-stock commercial banks, postal savings banks, city commercial banks, non-county rural commercial banks and foreign banks by 0.5 percentage points from July 5, 2018.
　Raw material surface:

According to the preliminary data of the China Iron and Steel Association, the average daily output of crude steel in the steel association members in the first half of June was 1,800,200 tons, an increase of 25,500 tons in the same period of the previous month and an increase of 1.3% in the same period. As of the end of the first half of the year, the steel stocks of the member steel enterprises were 12.24 million tons. The chain increased by 410,000 tons, an increase of 3.46%.

　Stock surface
　　According to statistics, after the construction of steel inventories fell for three consecutive months, the inventory turned down. On the 21st, the country's 35 key city city thread stocks increased by vol. 478.22, 0.51, wire 131.74 minus 0.27; 132 city snails 719.33 weeks decreased by 0.48 million tons . The stock of rebar mills was 190.83, with a weekly increase of 5.46; the stock of wire steel mills was 47.24 million, with a weekly increase of 3.89 million tons.

　    On the whole, the central bank issued the news of the RRR cut, but the feedback from the market was not satisfactory. Considering that the pressure on the fund at the end of the month was gradually highlighted, the stack was affected by the hot and rainy weather, and the downstream demand showed seasonal shrinkage, which inhibited the steel market transaction, although the area recently. There are still restrictions on environmental protection, and the supply side is still tight. However, the overall inventory is not as digested as expected. In the first week of last week, there was an inflection point, and the decline was increased. The market mentality was insufficient. The previous steel prices rose too sharply. The terminal merchants were on high prices. The degree of acceptance needs to be digested, the overall procurement slows down, and the transaction is not good. It is expected that the steel price may continue to weaken in the short term.