Everybody says that, under the market economy, after the market crash will be able to usher in the bottoms, these words also for the Steel City, whether it? It is understood that domestic steel prices continue to fall for a few months, even if ushered in after the big drop the bottoms have not had time to revisit old friends, back to the downstream channel. The negative energy of the Steel City has already spread to the raw materials, steel and other aspects of what this time after the crash, the domestic steel prices can usher stabilized it?
According to market reports, the building materials market, as of the close of the 25th, the two markets River Steel screw transaction price 3650 yuan / ton, down 50 yuan / ton, compared to the previous day; market transit two big spiral price 3550-3610 yuan / ton, 20 yuan / ton, down from the previous day; the Guangzhou the market GISE two big spiral price 3880 yuan / ton, unchanged from the previous day. Of spiral rebound, two days of construction steel prices decline started to slow down slightly changed, the business mentality.
The sheet market, the decline still continues. On the 25th the close, hot-rolled aspects of domestic key cities 5.5mm Carbon Hot-Rolled offer in 3711 yuan, the average price yesterday fell 9 yuan. The average price of cold-rolled side, 1.0mm cold plate of the 10 major central cities was 4698 yuan, down 19 yuan yesterday, Shenyang, down 30 yuan, down 40 yuan, Wuhan, Chengdu, down 120 yuan. From the business mentality of view, the business of sheet metal to be pessimistic, because In addition to the individual market decline has narrowed, the rest of the city continued the decline, the adjustment of the ex-factory price of steel plate are also lowered the main, and by a big margin, which resulted in the sheet market "fight" longer material more tragic. Whether the trend of the late long products and plate prices from differences remains to be seen, but only from the moment in terms of business-to-plate market is expected to be pessimistic much.
News, on the 24th, HSBC announced in July manufacturing PMI initial data, the data show that the initial value of China's manufacturing purchasing managers index (PMI) in July rose to 49.5, a record five months to a new high. PMI index in 50 long-term ups and downs of the dividing line, indicating that China's total demand is still faced with greater pressure, this central government has repeatedly increased the policy of easing the intensity, and to support economic growth and employment. July manufacturing PMI data is still lower than the ups and downs of the line, but a new high value in five months has been to let the market lifted the. Many experts believe that the rebound of the data would be a positive signal to relax the policy lead to the expansion of exports and strong domestic demand, it seems the second half of the Chinese economy is expected to moderate rebound.
HSBC announced in July after the initial value of China's manufacturing PMI, many of the steel trading business that just experienced a crash of the steel city, this seems to be a turning point. In their view, along with the strengthening of policy support, economic recovery trend is expected to further consolidate, the downstream demand for the release soon. To the problems faced by owners of domestic steel, two, one is the demand ineffective, a high yield steel. Forced steel prices and inventory steel production around the corner, but the demand side, it is estimated only by the national introduction of large-scale projects is expected to boost.
And coincidentally, is shrinking due to China's economic trend intensified since the first half, the central authorities from April were launched, more stable growth measures, including two interest rate cuts and a lowered deposit reserve ratio. And recently, the central bank for five weeks of reverse repurchase operations, the release of funds to the market a total of 568 billion yuan. Lenient policy, the market has ushered in a certain amount of space for development, I believe that this market release of a positive signal may be the mentality of the business will bring a boost to.
Throughout the full text, we know that the current trend of steel prices slide again and again, one of the factors is the business mentality of pessimism, it had resulted in the panic price shipping. With the rebound of the PMI data, businesses seem to re-feel the positive energy of the market's pessimism has eased, so comprehensive is expected, the decline of the latter part of the domestic steel market continued to slow, not even rule out the possibility will usher in the bottoms of stabilization may.
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