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| Steel market outlook is expected to have a callback |
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Today, the domestic market price of 304 stainless steel decreased significantly. Network, according to Lange Steel Information Research Center Steel Market monitoring shows that the domestic major cities 5.5mm hot-rolled coil average price of 3854 yuan, more than yesterday, down 28 yuan. From a market point of view, precisely because of liquidity tightening is becoming increasingly clear signals, coupled with bad news of the regulators, which allow for capital-sensitive capital market pressures amplified to control the credit of the voice continued, the market bearish psychology some amplification, low-opening electronic trading continued to shock, it can be said is this mentality, volatile, or psychological care in the current inventory is still high growth, the look is very sensitive at the same time also more contradictions, after all, Steel prices are still much higher than the market price, an inverted posture is also a dilemma for everyone.
The spot market, after wandering through the recent struggle, some dealers have begun low-cost shipping. In the short term, the market is in shock cycle, pushing up the apparent lack of positive policies, leveraging, but to turn around a downward trend, are also affected by costs and unwilling to curb the mind, so the trend may also maintain a stalemate for some time.
National Bureau of Statistics data showed the annual gross domestic product 335,353 yuan, according to comparable prices, in 2008 growth of 8.7%, to stabilize the macroeconomic obvious. Noting, however, CPI and PPI have been regularized in December were up 1.9% and 1.7%, bringing to the market interest rate expectations.
Yangtze futures pointed out that the state regulate the real estate market are increasing the risk of short-term price of 304 stainless steel have also been weak current consumption, the domestic impact of excessive inventory. Afternoon there is still room for steel is expected to callback. |
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