September 10, Shanghai Futures Exchange rebar futures traded again to refresh the record, 12 month contract traded a total of 706 million hand, where 1,501 contracts traded 659 million hands a day, setting a new record since the listing of the contract, while the disc the record low price 2725 yuan / ton, ended down 0.64 percent to close at 2,780 yuan / ton, the contract day to lighten up 96,446 hands. 

Just two years ago, on September 10, 1301 with the main contract volume 6,014,000 hands refresh the record, the date of total rebar futures 12 months of nearly 6.39 million contracts traded hands. 

Compared with the then refresh volume, a similar situation is rebar prices fell sharply, after the record was recorded in a wave of sustained strong rebound in four months. History will repeat itself?

Change futures reflect investor expectations. According to data released by China Iron and Steel Association, the end of August, the composite price index for steel Steel Association CSPI 90.63 points, the fifth consecutive month of decline, but also the 11th consecutive month below 100 points, and the record low since 2014. 

Macro level, Chinese executives recently said on the Summer Davos Forum, China has been implementing a prudent monetary policy since last year, did not rely on strong incentives to promote economic development, but on strong reforms to stimulate the vitality of the market. The industry believes that the market is expected to cut interest rates to fall down quasi-news weighed on the overall industrial market price. 

News side, September 10, China's largest listed steel companies Baosteel announced that its main products hot and cold rolled products in October on the basis of the price in September down 100 yuan per ton.

Analysts pointed out that due to iron ore, coking coal, coke and other raw material prices fell rapidly, rebar production cost will fall in demand, tight monetary liquidity in the background, rebar futures prices outlook is still not optimistic.