According to market report shows that although the central bank last weekend in 2012 years the second with 0.5% cut the accuracy, originally for big gains for endorsement is the exciting, but to the current downturn endorsement of a bit not effect, this week Monday morning opened endorsement, all kinds of steel prices have reason signs of stabilising, steel trading business active price cut will weaken; But even in the late afternoon, terminal demand did not purchase comes into play, the spot market is difficult to carry live pressure, have turned down the clinch a deal valence; Steel price fall even last week, parts of the market fall even more than 150 yuan.
To this, the analysis of the researchers point out, the steel market demand fell to years of terminal low; Volume very few; Basically the deposit rate cut hedge must bring positive news, plus the market with the rate cut must see big gains can stimulate terminal buyers and endorsement of the trade deal between rare; But for the current market prices to despair and later the information lost; So can say is to have the downturn is added endorsement confidence; Steel price is in big gains does not increase the fall under the reason.
From the national bureau of statistics released the latest data that, in April to China's economic growth rate is much lower than the; Especially industrial economic decline and traffic network construction, the urbanization process slow, and commodity housing development by the steady state macro-control, local government to have nearly 17 million sets of security room construction of the Yin and Yang in default, such as a direct result of the steel industry with the actual demand far below market expectations, and crack down on steel market confidence. Steel price that lack of basic pull up kinetic energy.
National economic structure transformation, investment to greatly reduce; The steel demand growth to slow is the cause, almost at the same time, the upstream steel mill for various reasons capacity in demand so low, don't reduce the increased, oversupply further intensifies, the process of a drop in steel price can only lead to follow the law of market economy where low; The major because lost steel market middlemen trading warming up.
Originally as the main force of the endorsement of sluggish growth among traders in steel trading lower earnings or even negative interest, enterprise loan financing difficulty increases, rising cost, its hype the will of the market reduced significantly, and no one will want to make at the red, so to cause market trading atmosphere will to the lowest; The lack of market atmosphere is also causes the current steel prices is reduced the objective factors.
Can say, the nowadays China steel market, as the main body steel trading business nearly numb, the central bank must drop to such as good a macroscopic lose interest, they removed the once glitz, only willing to accept the most essential demand change, no need, you are a monstrous floods, I still won't give in, who is at present in China is the best of the steel market portraiture.
In April the added value of the industrial scale above a real increase of 9.3% year-on-year, than a drop of 2.6% in March. From the annulus comparing look, April industrial added value over the scale than rose 0.35% last month, much lower than in each quarter, mainly affected by the total weak demand drag, at the same time, the enterprise to inventory activities increased the extent of the slowdown in production. 1-4 months, large industrial added value increased by 11.0%. In real estate control policy has not seen the relaxation of the cases, with the national invest a lot of support for the industry, building steel demand as the industry of the pulling power was under steel enterprise inhibitions. In 2012, railway and highway transportation industry 1-2 month completed investment of 32.6 billion yuan and 102.6 billion yuan, up 44.38% and 8.68% decline.
In addition, machinery industry federation statistics showed that in 2012, 1-3 months, the power industry generating equipment production nationwitha shrinking, turbines, steam turbine, the enlargement of drop respectively compared to 5.9%, 18.9% and 33.4%, the power plant boiler and steam turbine power plant with year-on-year are negative growth.
Raw materials, recently the iron ore import market vulnerable low wandering, market enquiries are becoming more and more liao liao clinch a deal, even if the deal, clinch a deal amount over ten thousand tons of little, mainly concentrated in the 3000-5000 tons, steel inventory most can maintain a month, is pessimistic attitude to is strong, at present the slump in the market scene is still the main reason for both the supply and the demand imbalances, and not funds dominant factors.
The mining of tender, prices are falling, the market further weakness.the mentality, currently 63.5% in 1020-1040 printed powder yuan/ton, PB powder in 990-1000 yuan/ton. Print WaiPan offer 63.5% powder $145; 61.5% WaiPan powder in Australia offer of $142. On May 15, pullman's index for $138.75 (62% of Australian iron ore), a drop of 6.07% compared with late last month, a drop of 3.96% last week.
So far, the possibility of Greek exit the euro area greatly increased, the euro zone return to recession, a possible recession in the edge of the global economy, and then they attack investor confidence, made the global commodities prices fell hard to recent rise, perhaps short-term difficult to change. And the domestic steel supply and demand situation more severe,
April the national average crude steel production estimated for 2.0358 million tons, a record; Due to the steel market dominant, the contradiction between supply and demand, and raw material prices still have larger fill the late fall pressure, steel production costs down gradually late, the production cost lose support; Tangshan primorac carbon steel billet ex-factory price from 3820 yuan/ton drop back to the current 3650 yuan/ton, accumulative total decline of 4.5%. Slump in demand, crude steel supply pressure under the background of increasing, probably will drag the steel continued down, and may have hit a new low of since last September.
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