Real estate investment is insufficient
From January to July, the national real estate development and investment 3.6774 trillion yuan, a year-on-year growth of 15.4%, higher than the January to June, down 1.2%. Commercial residential investment 2.5226 trillion yuan, an increase of 10.7%, the growth rate dropped by 1.3%, the total amount of investment in real estate development, accounting for 68.6%.
The cumulative growth rate of investment in fixed assets in July to 20.4%, unchanged from June. Which, real estate investment, new construction, continue to get deceleration sales recovery did not pull the pace of investment in construction demand is still in the doldrums stage.
Infrastructure data steadily improved railroad infrastructure investment year-on-year decline continued to narrow in July; protect the investment of the room in July, new construction, completion ratio increased dramatically; water conservancy investment growth of 14% year-on-year in July. Overall, infrastructure growth remained at a good level.
On the whole, subject to stringent regulation policy, the next few months, the enthusiasm of the developers' investment will continue to cool, especially the purchase of land size will be a marked decline compared with last year. But this year new construction of 10 million sets of protection of housing is a political task, a rapid increase in the scale of investment. The two factors hedges, is expected to increase in real estate development this year will be maintained at a level of around 30%.
Price stocks decline in both
In August, the southern part of the region affected by the typhoon, the terminal start time reduce market demand slowed down, facing the typhoon reconstruction as well as the market for steel mill maintenance shutdown hype, short-term or the market price of steel will stabilize. The majority of the nation's major cities rebar price is still down, but the range has narrowed from the previous month, a few cities prices were flat or even rose slightly.
Inventory, downstream procurement under the demand in the market decline will weaken rebounded. On the other hand, the part of the steel production lines as well as blast furnace maintenance shutdown affected part of the steel production capacity declined. Prices have hit more than two years since a new low, and continue down space is limited, the rebar price short-term or maintain the consolidation trend.
As of August 10, the domestic key markets rebar social stock of 6.4139 million tons, pericyclic than a decrease of 1.43%; wire the social stock of 1,610,900 tons, pericyclic less than 3.75%. Key cities nationwide building materials Total inventories decreased by 156,100 tons to 8,024,800 tons; various varieties of social stock of 15,142,900 tons, an increase of 9.45%.
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