一、国内市场钢材价格继续下行1.期货价格持续下跌近年来,螺纹钢期货长期维持下行趋势,且下滑趋势十分明确(近两年螺纹钢期货走势见图1),从2013年初的3869元降至2015年11月11日的1785元,跌幅达53.86%。2015年11月12日螺纹钢期货主力合约又创下新低,降至1760元。由于需求低迷导致钢材市场持续清淡,因而在缺乏足够刺激的情况下,螺纹钢期货长期下行趋势恐怕难以在短期内扭转。2.期现价差持续贴水目前,全国各主要钢材品种均保持下行趋势,且未见反转迹象。在金九银十钢价略有反弹后,2015年11月钢材现货价 First, the domestic market continued downward price of steel 1. Futures prices continued to fall In recent years, rebar futures long-term downward trend to maintain and the downward trend is clear (rebar futures in the past two years shown in Figure 1), from the beginning of 2013 3869 yuan drop To November 17, 2015 1785 yuan, a drop of 53.86%. November 12, 2015 The rebar futures contract hit a new low, dropping to 1,760 yuan. Due to sluggish demand, the market of steel products will remain light. Therefore, in the absence of sufficient stimulus, the long-term downward trend of rebar futures may not be able to reverse in the short term. 2. Continued premium spreads present At present, the country’s major steel varieties have maintained a downward trend, and no signs of reversal. After the slight rebound in gold nine silver ten steel prices, November 2015 steel spot price