Recently, HSBC announced a preview value of the June manufacturing PMI 48.1 of the data once again hit a seven-month low, a value lower than Coorong line 50, indicating that domestic manufacturing situation is very optimistic, analysts pointed outdownstream of the steel industry demand remains sluggish, PMI values ??decline exacerbated the market's concerns about China's economic growth slowed sharply. In the environment of continued weakness in domestic and international economic situation, it is expected that the downstream demand of China's steel industry is difficult to improve in the short term.
In June, China's manufacturing data continued to decline, from the breakdown of manufacturing data, almost all show atrophy or decreased inventories of finished goods continued to increase, increased pressure to the inventory. For the June manufacturing preview value once again hit a new low because, I believe that, with domestic and external demand weakness at the same time have a great relationship.
First, foreign demand, in June, the euro zone economic situation is more turmoil in the European sovereign debt crisis continued to deteriorate over the weekend, the international credit rating agencies Moody's also announced lowered the credit rating of the 15 large banks worldwide, while the Greek side. reduce the risk of the introduction of the results of the election to let the market greatly ease concerns for Greece to exit the euro area, the Greek election results and do not let the economic downturn, political chaos, out of the euro ", therefore, the election results to the market, short-term positive after quickly subsided, economic problems in the euro area is still outstanding.
The latest data show that the initial value of the euro zone manufacturing purchasing managers index (PMI) in June was 44.8, which is to record the lowest level in 36 months, less than the market expected value of 44.9 as well as on the month-end value of 45.1. We believe that the data in the euro area in June indicates that the second quarter is a quarter past three years, the worst performance of the euro zone economy, the euro zone economic recession has also accelerated and spread the weakness of demand in foreign markets will definitely have our cause some impact.
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