Domestic stock is still in the weak downside of the endorsement of the pattern. By steel futures market of sharply lower drag, add downstream demand always hard to up, even if the individual steel varieties are short stabilising the bounce of the "attempt to", also don't stand firm heel, price and then turned down, endorsement pessimism diffuse. The merchants of inside market reflect, near the end of the month, merchants even more cautious in operation, mostly with delivery, reduction of price cut inventories. Since early 2012, economic growth is slowing, steel demand time, steel market present distinct "season low" the characteristic. At the same time, steel mill is out on a limb, in the face of raw materials and the losses of falling profits, steel mills have entered the "cut more than production deficit" of the vicious circle.
Raw materials XianChan influence
Shipment not free, steel price "staggered", the domestic endorsement diffuse pessimism. Steel price impact at present endorsement confidence, market confidence in turn steel price impact, a vicious cycle. Part of the steel mills has a little "sit still", are releasing maintenance reduction plan. From the current domestic steel market operation to see, the market has come into the downlink channel in steel market prices are falling, in the process of the upper reaches of the original burning material price also appeared corresponding falling, this may XianChan initiative the enthusiasm of steel formed certain effect.
That is to say, even if the current market price is relatively weak, but the output of steel plant level won't appear an obvious adjustment, even social inventory in decline, but the market operation of the large pressure still. The endorsement, for strong, need too weak, this is the main reason of the market is shrinking. To quickly boost demand the release of the continuous, obviously, obviously not reality, and then the only thing you can do is effective control the release of steel production.
Steel factory price callback
The steel market prices are falling, also to the steel production structure adjustment bring certain effect. In market prices continue to fall significantly, the market price and the steel prices have formed some hangs upside down, for the stability of the market psychology is adverse, steel producer price face callback of pressure, and the steel mill profits can also have a significant reduction will work against in steel production policy.
From coarse steel nissan level see, in April profit under the condition of the steel better, in the role of inertia, early may of crude steel nissan has close to 2.05 million tons of historic highs, although products are still falling social inventory, explained the current needs relatively normal, could digest such a high level of output, in really not easy, but the market mentality is not stable, will the market form certain shadows.
Demand warmed slowly
First send force is still infrastructure investment. In railway construction, for example, according to mor figures, April mor investment in fixed assets and capital construction investment reached a record year. Visible, mor financing strength is continuing to grow, railway infrastructure investment quietly thaw. And the railway investment speed limits, the endorsement of the weak will form must be good for support. In response to the economic growth down, major infrastructure investment progress obvious speed up, the funds will be in full in advance. This will directly on the endorsement in steel industry from downstream, endorsement will form of positive news.
In house prices will fall and investment growth downside background, the real estate market recently also appeared a few positive information.
Although real estate regulation fundamental key won't be moved, but the housing market has been circulating in policy, this means that bad factors are reduced. Strictly implement differentiation housing credit, tax policy and policy, take effective measures to increase supply general commodity house, to continue to push forward the supportability project construction live, and promote the healthy development of real estate market smoothly. The last time and steel price drop to clinch a deal, is pounding the confidence of the domestic endorsement, is to put the steel mills and traders highest proportion.
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