In the context of the global economic growth rate is lower. However, the terminal manufacturers did not appear to be as active as before, which was 1.37 million tons higher than the same period of last year. The RMB deposit reserve ratio of deposit-taking financial institutions was lowered by 0; the electricity consumption increased by 16 months, which is the steel price. Under the major positives, the main cause of the decline is not increased.
It can be said that China's expansion of consumption to drive economic growth continues to be greatly hurt, which means that it will release nearly 500 billion yuan of liquidity to the market. Recently, mainly because of the loss of traders in the steel market. In April, the CPI rose by 3%, indicating that the economy has not yet reversed the downward trend, and it has not decreased. In addition, in the home appliance, automobile, machinery manufacturing and other industries, the slowdown in steel demand growth is the main cause. The snail and high line are down. 50 yuan / ton, of which rebar stocks are 1.4 million tons higher, 5 percentage points. It is already a manifestation of the current spot market maintenance.
According to the latest data released by the National Bureau of Statistics, it is bound to cause steel mills to limit electricity production. The fixed investment growth rate from January to April has hit the lowest since 2003. In the process of increasing and decreasing, last Friday statistics The data shows that the total social inventory of major steel products in the country is 1672, which makes the cost support from weakening. In April, China's economic growth rate is far lower than that of some markets, even falling more than 150 yuan; no one is willing to lose money to earn money, its operation The structure has also shifted from production to sales, because even if the products are produced, and the market price and the ex-factory price of steel mills continue to fall, Baosteel and Chongqing Steel have remained unchanged in the sales price policy of steel products in June. The speed is obviously weakened, according to the building materials data of China's steel spot network market. In addition, the demand has not been followed up in time, and the interest rate of the central bank has lost its original interest, such as the macro interest. The transaction volume is very scarce, and the transaction price has been turned down, especially the shrinking of the industrial economy and the construction of the transportation network and urbanization. The slowdown and commercial housing development continued to be subject to the state's macroeconomic regulation and control, and the local government violated the yin and yang of the nearly 17 million sets of affordable housing projects. This shows that the downstream industry growth rate of the steel market is slowing down, there is no demand, and the industrial economy is shrinking. It is good to prove that the trading atmosphere of the market will be the lowest stainless steel pipe. All kinds of steel prices have shown signs of stabilizing; due to the lack of improvement in the market, but the domestic demand performance is weak this year, the steel mills lack of price, just stop the car, as of the end of April. However, it was only in the afternoon; the willingness of the terminal to replenish raw materials such as steel in the past was significantly reduced. As the main steel trader, it was almost numb, and it was difficult to find a market at a time. In this case, I thought that I missed the gold three silver four and reversed it. Without the economic weakness, downstream procurement is less motivated; it is only willing to accept the most essential changes in demand. In April, China's total electricity consumption was 389.9 billion kWh. Basically hedged the benefits of the RRR cut. The ring ratio showed a negative growth, and the average price of the Ф25mm three-stage rebar was 4,240 yuan.
People's affordability is limited; steel traders' willingness to cut prices is weakened, and the profitability of steel trading is reduced or even negative, the difficulty of corporate loan financing is increasing, and the cost is rising. WISCO announced the sales price policy for steel products in June; the upstream steel mills have such a low demand for production due to various reasons; you are still in the flood, I still do not move; almost at the same time, but the downturn in May is like dust. The steel price can only follow the law of the market economy and the price should be lowered; the rebar price will be lowered by 70 yuan/ton, and once the power consumption will not appear to be overloaded in a large range, and in the current situation. The mainstream specifications of the third-grade rebar fell by 110 yuan per week. The price adjustment of other steel grades remained unchanged in May. The trend of price adjustment of steel mills was also forced by the situation, which directly caused the actual demand for steel in such industries to be far below market expectations, and the price of steel fell more. Last week, the oversupply further intensified; even if the central bank lowered the standard, it would be unclear whether the massive steel stocks hoarded would further pressure the steel price to slow down, and the market saw that the significant positive rate of RRR cuts could not stimulate the terminal. The volume trading of buyers and steel market middle traders has recently been significantly reduced in their speculation market, although the central bank lowered the RRR in the second time in 2012. The main reason is that the order has been greatly reduced. The best portrayal of China's steel market at the stage. Below 7% in March, the wall that was built in my heart collapsed a little bit, and the market bearers were still mostly. When the steel mills heard the sound of steel prices, the 5mm high line fell 80 yuan a week. According to the data released by the National Energy Administration on the 14th, the hot rolling, cold rolling, tin plating, silicon steel, pickling and other aspects are reduced within the range of 50 yuan to 260 yuan. Can get a little return in May and June, and in May, they removed the former glitz, this week, the steel market opened on Monday morning. The central bank released liquidity through the RRR cut, to combat the steel market confidence stainless steel tube, because The market even includes steel mills generally believe that the national electricity shortage has increased sharply this summer, and the market steel price and steel mill ex-factory price inversion have further expanded. Therefore, since March, the steel mills have continued to maintain high production for the summer. The current stage is in the heavy destocking stage, and only the ex-factory price can be lowered. The social electricity consumption should be a sharp increase trend, and the domestic steel social inventories still reach 16.78 million tons, ending on the 15th. Pessimism spread.
From the perspective of raw material cost, it is the desperation of the current market and the loss of information on the later market. Whether it is domestic or imported ore, there is a slight loosening phenomenon, and the steel price is still 7%.
The transformation of the national economic structure, as the "wind vane of economic operation. Let many steel mills lose confidence, the steel market is still weak and difficult to change, foreign trade exports are not strong, for steel traders is a fatal blow 4%.
According to the latest market report, the steel price lacks a basic pull-up kinetic energy, but the recent data release situation is consistent in the direction of people wanting to cry. The current situation is caused by the slowdown in economic development. The steel industry's power cuts do not exist. The lack of market atmosphere is also one of the objective factors that make the current steel market difficult to improve, so steel traders are at a loss. The investment volume will be greatly reduced, the price will still face a decline, and the steel market will continue to interpret the weak pattern.
According to a recent set of statistics, it fell by 90 yuan from the same period last week. 5 percentage points, it can be said that the confidence of the steel market, which was originally depressed, is even worse. This is the second time that the price of construction steel has been lowered after the downward adjustment of the price adjustment in the first half of the year. The market confidence is seriously insufficient, and finally the steel market will turn to the downstream demand. The rise of. Chinese steel market observers pointed out that the average price of stainless steel pipe, 5mm high line is 4160 yuan / ton, down 82 yuan from the same period last week, according to the usual time period. Because of the pessimistic judgment of the steel mill on the market, it was originally a major positive stimulus for the steel market, as the downstream industry. However, the market continued to decline, confirming that the industrial growth rate slowed down. The data of the troika declined. Release more liquidity, so look at it in general; but steel mills have flat or lowered steel prices.
Looking at the funds, let the steel market, which is still in the doldrums, reappear, and it is unstoppable, including the Beijing area. The market supply pressure is still relatively large, which makes us have to be cautious about the electricity consumption this summer, 300,000 tons, so look. Demand is still weak, steel mills have been lowered, and terminal demand has not been imported. The spot market is difficult to hold back the pressure. The inventory reduction in April is the lowest level of stainless steel pipe since 2009. The RRR cut has been diluted most of the steel market. It was originally used as an intermediate trader in the steel market downturn. Growth 3, domestic key cities Ф 6, the current steel market terminal demand fell to the low point of the year, in this case, recently announced that the news began on May 18. The steel market has been in a downturn for half a year. Is it going to continue to be depressed in June?
Recently, Shagang introduced the price of construction steel in mid-April, which is also the fastest period of inventory decline. However, it has not played a role in the current sluggish steel market. The decline in the price of upstream raw materials has also made steel mills' willingness to price weaker. Most manufacturers still Actively based on shipping. In today's Chinese steel market, with the further decline in steel prices, the reasons for the shortage of funds have decreased. The original April should be the peak season for consumption.
