This autumn, on the domestic steel industry, are a real "troubled times": early September storm blowing the energy saving is not over, the property market and the secondary control policies introduced before the time for the National Day. Good, bad game interwoven factors, so that the steel market trend on the Festival was lost.
Recalling the early September, due to the main producing areas Hebei Iron and Steel "limited power to limit production," to stimulate the storm, the domestic steel prices there have been a strong pull-up market, average daily gains of some varieties of hundred dollars, the Shanghai area of ​​hot rolled prices in the short several trading days exceeded 4,300 yuan mark. However, this pull-up market has not been extended into the middle of re-adjustment after the steel market, the main varieties of steel prices have returned to the end of August levels.
Hu Ping in the United Steel analysts believe that falling steel prices shot up because, first, because a reduction in early soaring and expected to promote the message, rather than emission reduction due to the lack of a solid foundation. Second, effective demand is less than ideal follow-up status, inhibiting digestion of inventory, while the overall pattern of liberal bias supply side has not substantially changed.
After a burst of storms after type of sprint to the end of September when the domestic part of the region "double limit" policy has started to relax, one after the news of steel production complex. Together with the property market "secondary control" policy in time for National Day before the introduction of the steel market is also expected to have a significant effect. October 1, the leading domestic construction steel in early October the introduction of sand steel price policy, a change in the continuous rising trend in September, will focus on varieties of rebar price reduction of 180 yuan / ton.
Organizations also demonstrated optimism. On the demand side, the PMI data to prove that over the years, and 10 degrees in January, although overall industrial economy will be lower than in September, but not a sharp decline. "Many major projects in late October or at the end to start finishing, some of the key automotive, appliance manufacturers a large amount of production plans. We understand that the contract is not a lot of bad steel, demand for maintenance of stability proves a big trend." In the United Steel side pointed out.
In a lot of influence on the steel market sentiment in real estate policy, although the "secondary control" introduced before the holiday rush, but the basic no more than market expectations, this property shares after the announcement from the non-or anti-inflation can be seen. (China Net)