Multiple positive factors spur steel prices to rise in the late period

Since the beginning of this year, due to the impact of the US debt crisis and the European debt crisis, the stock market has been diving seriously. The bulk of the electronic commodity trading market has been sluggish, and the domestic steel industry has not been able to perform its own business. The steel production, circulation, and trading companies have been dampened, especially in the traditional demand season. The status quo of the steel market is still a downturn. Although this is not the main factor affecting the direction of the steel market, it still has a certain influence on the mentality of the business, and thus has an impact on the steel electronic disk. The stimulation of multiple positive factors has, to a certain extent, led to the rise of electronic steel plates, and the spot market for steel products is expected to rise.

It is understood that due to the uncertainties in the global economy over the recent period, the shadow of recession has shrouded the ** market and created a tense atmosphere for investors. Yesterday, Obama will release 300 billion US dollars of employment stimulus measures, the German court ruling to ease investor concerns about the European debt crisis, the Fed's Beige Book report and Other favorable factors to stimulate the triple, the stock market rose, the electronic market has also been affected by a certain degree of investment The confidence rebounded. According to the statistical data of the China Steel Spot Net Market, on the 8th, the main line of the high-line GX111115 contract was reported at 4,893 yuan, up 4 yuan from the settlement price of the previous trading day; the price of the reelboard RJB111115 was reported at 4802 yuan, which was settled on the previous trading day. The price rose by 9 yuan.

In the spot market, the steel market this week showed a weak consolidation trend. The domestic market was not optimistic and the business sentiment was depressed. With regard to raw materials, domestic and foreign iron ore prices continued to rise, prompting the steel mills' procurement policies to advance to new heights. The purchase price of iron ore in steel mills has exceeded the high point in the year, and the profitability of steel enterprises has been compressed again. In respect of capital, due to the cumulative effect of the continuous increase in the deposit reserve ratio, market funds have been tightened. Some terminals have not started construction projects due to lack of funding, and intermediate traders generally have poorer enthusiasm for picking up goods due to poor demand and tight funding. Low, the overall market turnover is very light.

The performance of the downstream steel market is now relatively weak, there is no sign of gold 9′′, but pre-holiday stocks and winter reserve hype, or will stimulate the release of downstream market demand, or can change the current status of the steel market downturn. In addition, from the view of steel social stocks, the previous inventory continued to decline, and has recently picked up. The increase in spiral is still obvious. Currently, the total inventory of the five major varieties is 13.807 million tons, a net increase of 71,000 tons per week. The rise in social stocks has pushed steel prices to a certain extent, and steel prices are expected to rise in the future.

In summary, the author believes that through stimulation of multiple positive factors, the current situation of the current downturn in the steel market will be changed, and investors and business information are expected to rebound, which will have a great impact on the operating status of the entire steel market. With the advent of the two sectors, Demand is released during the traditional peak season, and the steel market is expected to rise in the later period.