The price of steel is still hot and hard to change.
The trend of steel prices in August was not smooth, and the steel market fluctuated under tremendous pressure. On the one hand, it is a good guarantee for housing, and on the other hand, it is a high-pressure policy that is constantly attacking. The situation of dilemma makes merchants have a disappointment with the steel market. At present, the domestic steel market is like a people in dire straits. The weak and stable signal is strong and people can't save.
According to the latest market report of China Steel Price Network, the domestic steel market closed in a narrow range as of the close of the 23rd. The average price of construction steel fell slightly by 4 yuan; the average price of hot rolled sheet fell slightly by 1 yuan; the price of cold plate rose slightly by 13 yuan; the price of medium and heavy plate fluctuated by 2 yuan; the price of coating market was stable; the price of strip steel remained stable; The average price of welded pipes rose slightly by 5 yuan; the price of seamless pipes continued to consolidate; the profile market remained firm.
Overall, the price of steel is stable and weak. As the funds and shipping pressures of traders begin to show at the end of August, market transactions have become cold, and merchants are no longer insisting on steel prices, with signs of loosening, despite There is an optimistic expectation for the traditional hot season, but the market is obviously not strong, the weak and stable signal is strong, the steel price is blocked upwards, and the steel market is completely in a state of deep water.
In the macro environment, the global economy is still sluggish, and the European debt crisis is still going on. In the near future, whether the Fed will launch QE3 has become a topic of focus for everyone. Some people speculate that the probability of implementing the QE3 policy in the United States accounts for 80%. Imagine that if the United States really implements the QE3 quantitative easing policy, perhaps the US financial market can be saved, but China's steel industry will suffer huge losses. The first is that steel exports will be suppressed, the price advantage of domestic steel products will be weakened, and export pressure will be even greater. Secondly, the United States madly printed banknotes, will certainly reject the price of international gold, oil, iron ore and other bulk products, iron ore prices are once again speculated to rise, the cost pressure of the domestic steel industry can be imagined. In order to regulate the market and cope with the inflation crisis, the country will continue to choose a tight monetary policy. The economy will slow down and the shortage of funds will reappear. The steel market, which has just had good expectations, is estimated to fall into the dire straits again.
Downstream, recently, housing control policies have intensified. However, there are policies and countermeasures. Market analysts of China Steel Spot Network told the author that openers are likely to take extreme measures, such as shipping their projects at low prices, and then making enough funds to purchase projects. . It is understood that most of the top six real estate developers in the country currently hold this idea. The “new development path†of the open-selling stocks and the sale of the project has made some of the already-declined real estate market more uncertain, and the sales volume of the real estate is not high. Investors are watching and the mindset is uncertain. The sluggish downstream demand is likely to affect the price trend of the steel market in the peak season. All kinds of bearish signals point to the steel market. It is estimated that the steel prices that steel began to fall back a few days ago will end in a weak position.
On the whole, there are many unfavorable factors in the steel market. Even if the early-stage affordable housing is expected to be good, the current huge funding gap will allow the construction of affordable housing to drive down the expected demand for steel market surge in the peak season. The steel market is weak and stable. It is estimated that even if the traditional peak season comes, the steel market will be difficult to change, and businesses should not care.
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