Analysts believe that this market is likely to continue for some time, the next period of time, construction steel prices remain under pressure and the line. In stock, until 17, and the social inventory of construction steel products is still a downward trend, the Shanghai market Stock 463,000 tons, inventories decreased by 0.9 million tons; the Guangzhou market society inventory 797,000 tons, down 3.6 million tons of inventory; market inventory was 58.4 million tons, inventories fell by 2.5 million tons. However, we believe that the time of construction steel inventory declined slightly, by some steel mills since last month overhaul cut the same time, a long-term decline in steel prices began to decline in willingness to gradually weakened, so comprehensive context, the downstream procurement needs some improvement, inventory declined slightly some.
, But support construction steel prices rebound factors in addition to inventory, the most important needs. Just say, this inventory decline may overhaul by steel mills, rather than downstream demand began to expand. It is understood that, in the real estate, national policies are still very strict, after the central bank cut interest rates twice, the local governments are a certain amount of fine-tuning policy, but the country still has repeatedly said, will unswervingly continue to promote the real estate the regulation of the market, and to prevent housing prices rebound.
In addition, real estate investment, according to the data show that 1-July, a national real estate development and investment 3.6774 trillion yuan, a year-on-year growth of 15.4%, higher than 1 to June fell 1.2%. Which commercial residential investment 2.5226 trillion yuan, an increase of 10.7%, the growth rate dropped by 1.3%, a decline in real estate investment than in previous years, plus room control policy, so, it is estimated that the construction of real estate this year may be difficult with the construction steel to large demand.
The trend of recent construction steel prices, the approach of the end of the pressure of capital return, the willingness of some businesses merchant price cuts cash began to initiation. In fact, not only at the end of this year, the funds of the hands of the steel trading business has been a state of tension. Although the past six months, the central bank's funding policy has been liberal bias, but can really get their money's steel trading business is still relatively small. So for most of the steel trading business, they expect the central bank to the introduction of a more liberal capital policy.
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