Recently, the fluctuation range of rebar was increased, once fell below the cost of blast furnace. As the overseas epidemic continues to fermenting, the decline of domestic weekly inventory data Narrows, and the overall weakening probability of rebar is large.

On the macro level, the overseas epidemic continues to ferment, and its impact on the global economy will continue. China's hot coil and its downstream manufacturing exports are constrained, and overall steel demand is expected to decline this year.

According to the monitoring data, the industry, last week, building materials transaction stability, production continued to pick up, while the rate of inventory decline is narrowing, rebar apparent demand reached the previous level. But this demand is mainly due to the downstream resumption of work and stocking up, the inventory has been transferred, not really consumed, so the high probability of demand is not sustainable, which can also be verified according to the cement and concrete data: the national cement shipment rate of 59.4%, the same period last year 81.6%, recovery rate of 73%; The operation rate of mixing plants nationwide was 11.5 percent, 30 percent in the same period last year, and the recovery rate was 38 percent. Cement, concrete is commonly used with rebar, but cement and concrete can not be placed in the site like rebar for a long time to preserve, so their demand can really reflect the site's demand.

In this context, the inventory is still high, coupled with weak domestic and foreign market demand, the overall decline of rebar is relatively large.