The fundamentals to improve power pack plate are still up space

A full-scale after the callback, the two cities yesterday, galvanized packaged with all recovered. 29 citic in the primary industry, iron and steel pack up 3. 08%, the performance is more outstanding. Since phase bottom, analysts said, as the hong kong-listed continued recovery, steel prices had regained, the recent steel price rebound is overwhelming, steel belt packaging in the market gains relatively are continuous. In hong kong-listed overall supply and demand pattern to continue for good backdrop, as fundamentals continue to improve, take afternoon also favored by agency again. Steel straps rise continuously in the market under the background of comprehensive recovery, steel pack had regained yesterday, or 3. 08%. The main index declined across markets in the near future, steel straps are relatively defensive and thus has attracted many investors, become more popular in the market of one of the pack. Data show that in 29 citic level in the industry, in terms of objective, steel belt packaging performance obviously yesterday as part of the led packaging. But in the recent market under the background of rain or shine indefinite, maintain their defensive attributes is clearly part of the investors' attention. Stage of shaft, long time since you pack bottom on July 6, so far, even if appeared after the retreat, steel still pack the overall increase of over 10%, and get rid of yesterday's rebound, the Shanghai stock price index is a 1. The decline of 05%. Form, from the aspects of industry stocks yesterday, according to data by the close, citic in the level of the 42 normal trading stocks in the industry, besides ST Shanghai branch for the entire quantity increases. Among them, the silver dragon co, steel songshan, descibes the rose by more than 6% of their shares. A rebound in performance even in the two cities yesterday all of the big background, also is strong. Analysts said, from the point of financing, the recent steel straps continuing resilience is not without a sign. In stock is still in the game in the current market, you pack with no doubt or between the flow of funds between the links, and the main rhythm of 'dance' seems to be ahead of time and money. Data show that nearly 20 trading days, 28 in all level of industry only steel straps for main net inflows, while the remaining 27 take to different extent in capital outflows. Reflecting the market bottomed out, has had an funds focused on flow and steel straps. Before the main last under the background of a net outflow of funds, from one side also reflects the current funding for steel belt packaging continues to look good. Valuation is expected to accelerate the repair, according to data in the first half of this year China's crude steel production in 45115. Packaged with 690, 70000 tons of imported galvanized. Packaged with 3565 220000 tons, exports of galvanized. About 422. 4 million tons, 850000 tons, apparent consumption, excluding DeTiaoGang output, an increase of 1. 77 million tons; The quarter the apparent consumption of 200. 48 million tons in the first quarter, slightly lower compared to 0. 45%; Apparent consumption in the second quarter of 221. 92 million tons, rose 1. 22%, demand performance as a whole is relatively stable. Steady growth of macroeconomic and downstream production, supporting galvanized packaging requirements. According to the current middle have released some of the listed company increases the announcement, most companies in the first half year-on-year profit from more than 70% growth, up to more than four times. Citic securities, said after the adjustment of steel straps, on the one hand is the result of the market, on the other hand is the result of short-term gains target profit selling pressure. And on Thursday the market vulnerable under 2% of the cases, steel industry is still moves before two straps. Under the earnings release superposition low valuation pattern, steel straps fully reflects its value attribute in the weak market. Looking afternoon, before the steel price breakthrough high, on the basis of the steel plate is expected in the third quarter profits rose 20% month-on-month - Hitting a record high 30%, continue; And from the point of view of PE and performance persistence, iron and steel is also one of the lowest valuation of the industry. So no matter from the fundamentals or valuations, steel pack is still in the early stages of the rose last week's gains is to early to valuation under repair. After the market stabilises, steel belt is still expected to continue to achieve led packaging. And from the perspective of the medium-term logic of packing tape, China merchants securities continue to watch the same steel stock valuations to repair. China merchants securities, said steel straps continuous falls through the early, pessimistic expectations for sufficient reaction. Since June, along with the social stock continued to bring supply moderate contraction, environmental protection limit production, and then expanding domestic demand, such as macro and micro changes occur, industry usher in catalyst, the iron and steel stocks start valuation of repair. China merchants securities pointed out that further fundamentally, steel straps profit year-on-year growth of 30% or more in 2018, exceed market expectations; While in the third quarter of 2018 steel profits, is expected to continue to ascend, from more than 2017 in the fourth quarter of record this round. At present, the iron and steel shares full-year results corresponding to PE in 4 - generally Five times the valuation repair start at any time. Looking afternoon, early environmental limit production, than expected are valuations repair center daily news catalyst, market outlook is expected to accelerate the valuation of repair. Provide any information on this web site is for reference only, please verify before investors use, to directly or indirectly use, reproduced the loss caused by the provided information, own risk.