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In the short-term spot market fundamentals remain weak - stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-05
Off-season and plum rains season, stainless steel belt continue down last month, leading to steel mills losses is widening.
According to measure, tangshan rebar market loss of per ton steel in 250 yuan/tons.
However, not present concentrated production situation, domestic steel mills are still no good news, macro market clinchs a deal more light.
At present, and intermediate stock rally, highlighting the steel market supply and demand pressures.
In may, China's official PMI performance in general, to stabilize the reform, stimulate economic growth, monetary easing, the central bank to cut interest rates again.
Global economic situation, the U. S. economy into recovery, years to raise interest rates is a big probability event.
Although the European central bank has taken a number of actions to stimulate economic growth, but the recovery is still weak, and Greece in the euro zone are still facing a big problem.
The domestic economy, real estate, manufacturing investment slowdown, infrastructure investment growth from the previous month decline significantly.
From abroad into June, delivery conditions in mines, ports wouldn't have it in stock rebound sharply, ore price d hold above the $60 level is still the possibility of larger, but need to note is that as the steel mills losses deepen, expand loss area, do not rule out the possibility of shutdown maintenance.
Each participation unit, therefore, should be careful operation, focus on two aspects of supply and demand change, timely adjust inventory, completes the plan.
The current property market is still mainly to inventory, the housing policy or continue to loose.
Loose policy and the stock market wealth effect, June building city is expected to maintain a warming trend.
But the current stainless steel belt market concentration in a second-tier cities, three or four line city clinch a deal is still weak.
And demand better investment also need time, real estate enterprise investment is still low, short term is difficult to generate obvious support for steel city.
Be worth what carry is, new construction, housing construction, sales area of the building and so on many real estate index is closely related to the steel prices, including home sales and new construction has a certain leading.
May new apartments site area is still low, real estate development enterprise land acquisition area continues to decline, and the construction of the building area, pull the steel prices higher.
analysts said, has been plagued the two big obstacle of growth of investment in fixed assets, namely the lack of investment and funding difficulties, Q345D steel pipe at low temperature is likely to be resolved step by step, the late policy effect should be expected to be appeared continuously, provide strong support for investment growth, domestic demand for hong kong-listed also exists certain recovery expectations. Short term, however, the reality is still in the downside of investment and industry downturn situation, domestic demand continues to weaker, social inventory decline further difficulties, market expectations and the actual situation in a departure from the state, the steel price short-term vulnerable situation is still difficult to change. Last week, the remarkable increase of off-season characteristics such as high temperature, heavy rain and accelerated shrinking demand, maintenance and steel plant production is still relatively small, the supply and demand contradictory intensifies, at the same time, the market in late a tighter capital pressure spread pessimism, shipment will slash, billet slashed, main screw down. Macro aspect, the latest HSBC manufacturing PMI initial data in June to 3 months, steady growth, such as national reform, stimulate kept increasing, while maintain a loose monetary policy will increase the intensity of positive fiscal policy. In the short term, however, stainless steel belt spot market fundamentals remain weak, and support cost down obviously, is expected to weak hard to change this week.
analysts said, has been plagued the two big obstacle of growth of investment in fixed assets, namely the lack of investment and funding difficulties, Q345D steel pipe at low temperature is likely to be resolved step by step, the late policy effect should be expected to be appeared continuously, provide strong support for investment growth, domestic demand for hong kong-listed also exists certain recovery expectations. Short term, however, the reality is still in the downside of investment and industry downturn situation, domestic demand continues to weaker, social inventory decline further difficulties, market expectations and the actual situation in a departure from the state, the steel price short-term vulnerable situation is still difficult to change. Last week, the remarkable increase of off-season characteristics such as high temperature, heavy rain and accelerated shrinking demand, maintenance and steel plant production is still relatively small, the supply and demand contradictory intensifies, at the same time, the market in late a tighter capital pressure spread pessimism, shipment will slash, billet slashed, main screw down. Macro aspect, the latest HSBC manufacturing PMI initial data in June to 3 months, steady growth, such as national reform, stimulate kept increasing, while maintain a loose monetary policy will increase the intensity of positive fiscal policy. In the short term, however, stainless steel belt spot market fundamentals remain weak, and support cost down obviously, is expected to weak hard to change this week.
