End-market Demand, Weak Sagging Steel Prices In China Dropped - Steel, Steel - Pump Industry

HC Valve Network: According to well-known Steel Spot trading platforms

?? West of the new route?? To provide the latest Monitor Data show that in the last week (1.11-1.15), the domestic prices of major regional construction steel of different degrees lower. Last week, the new route

West sub-regional steel price changes are as follows: Shanghai regional steel prices fell slightly, one week down 30 yuan / ton, as of Jan. 15 Daily News in 3770 yuan / ton; Beijing regional steel price volatility lower, as a 15 daily in 3780 yuan / ton, down five from last week offer 50 yuan / ton; Guangzhou regional steel prices will remain stable, single-week offer no change, as of Jan. 15 Daily News in 4060 yuan / ton.

West of the new stock trading platform steel trunk shows, as of January 15, the major domestic market, the average price of 25mm rebar quality product 2 in 3914 yuan / ton, down 21 yuan from last week 5 / t; 6.5mm high line the average price in 3946 yuan / ton, down 23 yuan from last week 5 / ton. Overall, we continue as bearish capital market and lower demand has continued weakness in steel prices under pressure can only test a low vulnerable.

According to West, the new Link Spot trading platforms to data disclosed last week, average daily trading volume of steel stock decreased by 20% the previous week. From the demand structure, the end customer's purchase and the release of all intermediate demand contraction trend to some extent. Similar indications that demand in the current off-season, steel prices continued to rise this on the lack of basis for policy change last week we met with the confidence to bring pressure, weak lower natural inevitable.

Last week affected the domestic construction steel market factors, mainly the following aspects:

One is the steel price adjustment weakened. According to the Western Route of the new monitoring data show that last week a total of 14 Chinese rebar and wire rod producers raised prices, steel price adjustment amount significantly reduced compared to the previous week. Meanwhile, the main plate varieties Baosteel prices in February to "maintain the price unchanged in January," responded the form of rumors long before rumors of price increases, but also to some extent indicates the intention of the leading steel mills and stability. The second is the raw material prices

gains slowed. According to the Western Route of the new monitoring data show that, as of January 15, Shanghai, 20MnSi billet price 3700 yuan / ton, up 20 yuan from last week 5 / t; Jiangsu Province scrap price 2650 yuan / ton, five from last week on the flat; coke price in Shanxi Province 1750 yuan / ton, unchanged from last week 5. Can see, the stock falling steel prices appear signs of weakness, rising prices of raw materials trend to slow down slightly.

Its third consecutive Masukura building materials stocks. West of this new route monitoring data show that current domestic construction steel in major cities for the 6,286,270 tons of total inventory, increase the 19.342 tons from last week. From the monitoring data, the current national construction steel stocks there have been 9 consecutive weeks Masukura. The reason that this phenomenon, the market generally optimistic and all investors should be the main host. If demand for a successor later appeared negative or the macro-policy shift, the current inventory accumulation will inevitably increase the volatility the market outlook.

West, principal analyst Reflections on Operation of this new route, at present there are several factors that will affect the future market trends worth noting:

First, the central bank tightened liquidity shot. People decided that from January 18, 2010 onwards, raising the deposit class Financial Institutions of RMB deposit reserve ratio by 0.5 percentage points. This can be described as a prelude to the withdrawal of monetary policy, albeit smaller, and will not allow capital price beating but a moment, the market suffered the psychological impact is enormous. In order to ease the market intentionally or early tightening of monetary policy expectations, the central bank last Thursday (14) issued in March of selected Central-vote rate held steady at last week's level, not going to go up. All operations from the central bank's current terms, policies are more tentative means strong.

by: gaga

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