Steel price will continue to decline after the hot

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The inventory turns up, and the steel price will continue to decline.

the moment of market style change. According to the comprehensive inventory monitoring data of Xiben Shinkansen, as of December 23, the inventory of deformed steel bars in 35 major markets across the country was 455.9, which is also the first administrative penalty order issued by Leliu Office of Shunde Inspection and Quarantine Bureau this year, 10000 tons, an increase of 195000 tons, an increase of 4.47%; Wire stock was 1059000 tons, an increase of 66000 tons, an increase of 6.65%. Judging from the total inventory of wire rod, rebar, hot rolled coil, cold rolled coil and medium and heavy plate in China, the total comprehensive inventory of the country was 9.2115 million tons, an increase of 259500 tons or 2.9% over the previous week

detailed explanation of the functions and characteristics of the steel wire rope tensile testing machine. Insiders said that the inventory of the national steel market rose for the fifth consecutive week, and this week's inventory growth was the largest in nearly five weeks. The current inventory level has increased by 4.42% over the same period last year, the first year-on-year increase in inventory since this year. In particular, the inventory of rebar has increased by about 22% over the same period last year. In the case of sluggish demand and difficult shipment of merchants, the current market inventory has entered a passive rising stage, which will suppress the trend of steel prices to a certain extent

with the weakening of supply speculation, the market situation has turned sharply downward, and the current price has basically fallen back to the price level on November 23. Market participants said that the fundamentals of the current round of price decline were somewhat similar to those in late April. They were all caused by major bad news at the macro level after the price soared to a high level in the overall profits of the industrial chain, which led to a reversal of market mentality and a panic sell-off in prices. At present, the price of rebar futures has fallen nearly 600 yuan/ton in just eight trading days, which is relatively rapid, and the futures are also significantly discounted relative to the spot

the central financial and economic leading group meeting held on December 21 clearly proposed to "curb the real estate foam". This is also the second time in a week that the top decision-making level of China's economy has mentioned the regulation of the property market. "Curbing the real estate foam" and emphasizing that "houses are for living, not for speculation" together constitute the main tone of real estate regulation next year

such a high frequency of emphasis on the prominent position of "curbing the real estate foam" in next year's economic work indicates that the real estate market will continue the tone since the fourth quarter of 2016 next year. The research group of the "China housing development report" of the Institute of financial strategy of the Chinese Academy of Social Sciences recently said that looking forward to 2017, the property market will continue a new round of short-term adjustment on the whole, but there is uncertainty. In terms of time, the adjustment will last for about a year. It is expected that the growth rate of national sales prices will gradually fall, and prices may fall in some time periods

in this regard, analysts believe that under the circumstances of strict property market regulation policies and marginal tightening of monetary policy, it is expected that the possibility of further downward growth in real estate sales and investment in the later period will increase, which will have a negative impact on domestic steel market demand

according to the statistics of China Steel Association, the average daily crude steel output of key steel enterprises in the first ten days of December was 1.7124 million tons, a decrease of 7200 tons from the previous ten days, a decrease of 0.42%. According to this estimation, the average daily output of crude steel in China this ten days was 2256300 tons, a decrease of 8400 tons or 0.37% month on month. By the end of the first ten days of December, the steel inventory of key steel enterprises was 12.8181 million tons, an increase of 421600 tons or 3.40% over the previous ten days

it can be seen that the decline of steel plant output is still not obvious, and the inventory shows an upward trend. Insiders said that at present, the profits of steel mills are still at a high level. With the lifting of production restrictions after the weather in Beijing, Tianjin, Hebei and surrounding areas improves, the operating rate of steel mills' blast furnaces will rise. In the later stage, please take down the small angle in time, and the supply pressure will increase

Qiu Yuecheng, senior researcher of Xiben Shinkansen, said that in general, recently, the macro level has frequently spread the information that it will strictly prevent asset foam and financial risks. Monetary policy and property market regulation policies are likely to be tightened. The bond market, stock market and commodities have fallen across the board, and the rebar futures price has plummeted to about 2900 yuan/ton, which will significantly drag down the trend of spot prices. Domestic steel prices are expected to continue to fall in the short term

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