Steel index Composite Index August 9 at 133.9 points, down 0.18 percent over the previous day. On the 9th, the domestic steel spot market prices continued to narrow ranges, including hot rolled coil, rebar-led markets were mixed, to loosen intraday Shanghai, Tianjin, Beijing market, building materials, but the turnover is slightly better.
On the 9th, the Bureau of Statistics has been fully released in July of important macroeconomic data, the CPI for two years and a half for the first time down to less than 2%, PPI five consecutive month of negative growth, indicating that the domestic real economy is still large downward pressure on future macroeconomic regulation and control will continue loose. The property market Inspectorate of the State Council has returned to Beijing in August, do not rule out regulation of the real estate market introduction of the New Deal, such as the property market does not relax, the building materials market demand is difficult to quickly improve. Multiple factors intertwined, it is expected that the domestic steel market in the short term will be consolidation trend-based.
August 9, flat index was 118.4 points, down 0.21 percent than the previous day. Among them, the plate and hot rolled coil index fell 0.16 percent and 0.29 percent respectively. The delay failed to boost demand, on the 9th the domestic plate market is still weak, Shanghai, Beijing, Guangzhou and other vulnerable steady, Shijiazhuang, Changsha, Kunming and prices still fell slightly. Tianjin market heaven steel 16-22mm & P board quoted in the mainstream 3400 yuan / ton, down to the national minimum do not want to lower and lower, traders said. The typhoon, the Shanghai market, the weather is better, some businesses to speed up the shipment pace individual scarce resources are more in demand, but overall the upstream and downstream procurement is still unhurried turnover no significant improvement. The introduction of macro data for July, CPI to enter "1" era, for stable economic growth, the central bank's monetary policy will continue to loose. Merchant feedback, the current bearish outlook on the market, reduced business from the previous month, but prices still lack confidence in expected domestic steel prices will continue to consolidate in the short term, but the decline will slow down. 9, Shijiazhuang, Kunming market 20mm medium plate price than the previous trading day down 30 yuan / ton.
On the 9th national hot rolled coil market is still steady weakening, Shanghai, Hangzhou, east China, is generally steady, Tianjin, Beijing, Guangzhou, and most of the country still fell slightly, including the Nanchang markets decline slightly larger. East China affected by typhoons, generally in the state of the city without a price, coupled with Baosteel is imminent or the introduction of new pricing policies, market waiting to see a strong atmosphere. Bureau of Statistics data show that in July, the domestic economic growth, downward pressure is still large, monetary and fiscal policy to maintain a higher likelihood of loose. To see from across the country, the downstream demand is also relatively deserted, the transaction is generally poor, but even so, businesses are no longer willing to take the initiative to cut prices, hot rolled coil market or to continue to narrow ranges mainly in the short term. 9, yesterday, with larger decreases in Nanchang market more vulnerable, Q235B3.0mm hot rolled price declines to expand to 70 yuan / ton.
August 9, long products index at 151.7 points, down 0.17 percent than the previous day. Of snail main contract Dikaigaozou 1301, received 3691, up 0.41 percent. Domestic building materials market continues consolidation trend in the 9th, the leading market prices were mixed, Tianjin, Beijing, Guangzhou, the market fell slightly, Chongqing, Guiyang, Xi'an market is still 20-40 yuan / ton of rose. The trend of domestic building materials market differentiation, two days affected by the typhoon, the southeast coastal areas remain steady to weak, turnover is very light. Chongqing, Xi'an and other western regions, the stock has dropped, some specifications of the shortage, the price rebound.
Multiple factors lead to the expected short-term domestic building materials market will continue to vulnerable consolidation pattern. Compared with yesterday, the Guiyang markets HRB33520mm steel prices on the 9th, up 40 yuan / ton, Fuzhou, the market fell to 30 yuan / ton.
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