Stumble endlessly, has become a market norm, the recent favorable factors are frequently reported, but the demand side no substantive positive, market confidence is difficult to boost. Experts have pointed out that steel prices will continue to decline slightly in the short term.
Growth down as well due to the major steel industry and downstream steel demand growth is facing greater pressures. In the major steel industry, the growth rate of general equipment manufacturing industry, the automotive industry, railways and ships and other transportation equipment manufacturing, electrical machinery and electricity, heat production and supply industry and other major steel industry continued to decline.
In addition, the simple demand is expected to have caused the steel city is too large waves. The market needs a real sense of the demand stimulus, the expected market due to late implementation of policies, on investment in place a series of uncertain factors. The profitability of this lower steel trade enterprise, no longer easily try the bet.
"Before every one positive factor, traders nerve is very easy to be stimulated, we are willing to take a risk. But now the market is hard to read, large amplitude are increasingly unlikely to emerge, businesses expect to reduce the amplitude Moreover, there is no more good, not worth the gamble. "analysts in their analysis.
"Real estate is a deadlock to inhibit the development of the Steel City, only this knot, the steel city can develop real estate policy depends on the Government's policy." Han Weidong analysts believe that, but now the market is good or bad largely depends on the policy side, policy uncertainty, the business mentality affected the steel city still in shock pattern.
By market transactions downturn, domestic hot rolled coil market has been flagging, and by the end of June, the market prices tumbled again, mainly hot rolled coil market price has fallen below the lows in February of this year, is described as "more than low also low. "
The market data shows that the July 3, 28 major markets in 2.75mm and 5.75mm hot rolled coil market mainstream average transaction price of 4266 yuan / ton and 4135 yuan / ton, down 112 yuan, respectively, as compared to June 1 / t and 91 yuan / ton;, respectively, compared with the low in February of this year, 134 yuan / ton and 119 yuan / ton.
Regions, the Shanghai market: 2.75mm and 5.75mm, hot rolled coil market mainstream transaction price is 4260 yuan / ton and 4090 yuan / ton, down 70 yuan / ton and 50 yuan / ton, compared with the June 1, compared with February 17, down 60 yuan / ton and 120 yuan / ton. Tianjin market: 2.75mm and 5.75mm, hot rolled coil market mainstream transaction price is 4100 yuan / ton and 3980 yuan / ton, down 190 yuan / ton and 140 yuan / ton, compared to June 1, compared to February 17 low 230 yuan / ton and 140 yuan / ton.
Although the tight money market funds also contributed to the domestic hot rolled coil market prices difficult to pick up another major, then a lot of media recently mad empty indiscriminate bombing: down quasi cut interest rates even after the drop prospective number of times, the funds loose, at the end of the regularity of funds The pressure is too ...... and so on and so on, in the end for the steel market, money in the end is kind of a problem? feelings of the parties believe is the most practical.
According to market feedback, despite the recent monetary policy has been relaxed, but the feelings of traders is not obvious.
"For various reasons, banks are now on the steel trade credit monitoring more stringent financing loans more difficult than before to improve." A dealer said frankly, "plus late last month, traders need to fight to the steel mills shall order, so larger financial pressure, some traders only price to ship to return the funds. "
Funding constraints of the domestic steel market, including traders and downstream customers facing pressure, late this pressure has not been alleviated, the market price in order to rally it is difficult. "Tianjin, a dealer said.
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