Earlier this month, is like the morning sun, and give hope to the people, national policies many upbeat, boosted by increased business confidence, stimulate the market of building materials market rebounded slightly but gains just maintained in less than a week's time, as good news fading away, and sold as a whole still lean, causes the entire market into tangled again.
Warm summer approaching, June is worth the wait?
End demand weak
Real estate area, property regulation main tone still is not substantive steering, prospects still does not optimistic, developers on new project of started still is cautious, currently view, is difficult to on steel market has substantive pull; policy area, although gradually introduced has infrastructure investment started, and appliances energy saving subsidies, and car countryside, and large project set is batch, message, but in accordance with past of experience view, from announced to implementation is a more slow of process, short-term at least this month within see does not to actual results; May steel PMI for 48.8%, Below the lines again fell back to blight per cent fell near 7%, where new orders index dropped sharply to 17.7%, to 41.5%, display terminal of steel demand remained weak, taking in June, high temperature weather in the North and the busy period of the rainy season in the South, are likely to lead to further downstream site construction progress slow.
Inventory still high
Currently most agents hands inventory does not more, and more area are has stock phenomenon appears, short-term within on steel price of stability has must of support role, according to observation, is so is due to recent businesses delivery enthusiasm does not high due to, and from this month around of discount efforts known, Mills production has not been appears mass production, and discontinued phenomenon, late or will usher resources set arrival of pressure, in light cartridge operation of psychological Xia, will on market formed larger of suppressed role, also, from inventory of statistics data view, Although the overall downward trend but still limited size, and the total amount is still high, to inventory pressure remains large.
Poor business mentality
This year of market, regardless of is Rose or, cut or, businesses mentality are does not very optimistic, because overall market sold status has been tepid, almost no appears continued improves or long-term bad of situation, price of changes more is due to businesses subjective mentality of role; in previous years, regardless of is agent also is brokers, total has toilet paper, cargo of bet market phenomenon, however this year, apart from specifications shortage of when will has moved cargo of situation appears outside, more of when brokers were prefer to money put Bank also does not to take this insurance, agents is more alone , Difficult financing environment and the task force on the shoulders of their choice into the fast cash, is classified as a Word, blame is the pessimistic attitude now, the situation is not clear, imbalances of supply and demand is still an indisputable fact, cause now holds bearish attitudes are still a minority.
To sum up, building materials market temporarily difficult to get out of this month gratifying posture, but fell to around 4,000 were from a secondary thread strong support, crash is unlikely in the near future, which in previous years has been the hype of summer power shortage or re-emerging; overall, weakened slightly in June is expected to be stable and not doing too many expectations.
Other News:
Judge NTN fault damage adjustment of angular contact ball bearing preload method
Building materials market is not worth looking forward to June
The steel products market pessimistic point of view repair attention keeps in s
Businesses should not be too pessimistic about the steel market
Remove the judgment of the bearings can be re-used NTN
June more than china steel city game, both inside and outside air pressure
UN: Syria blocks monitors from site of killings
NSK bearing used and installed please note
