A preliminary appearance of the warming characteristics of the copper tube Market
Release time：2017-12-29 Browse：2132
Yesterday released April steel PMI index shows that the characteristics of the current steel market has been initially apparent, however, the majority of respondents experts believe that steel demand this year than in previous years may be slowed down if steel production capacity is not well controlled, the pressure will be greater industry supply and demand balance.
Reporters yesterday from the Chinese Federation of logistics and purchasing logistics of iron and steel Specialized Committee was informed that in April the steel industry PMI index rebounded 6.4 percentage points QoQ, reaching 55.7%; new orders index rebounded sharply last month to return to the expansion of the range, this month rose 6.5 percentage points to 59.2%, showing a significant rebound of the steel city before the downturn. From the market perspective, the current demand for steel is in the traditional demand season, and the start-up rate of downstream manufacturing enterprises is increasing. Construction projects are accelerating, market support factors are increasing, and prices are rising steadily. A variety of indications, pick up the current characteristics in the steel city, the market outlook is expected to improve the smooth development of. However, due to the previous downturn, the market outlook is overshadowed and the output is faster than demand. The contradiction between supply and demand is worrying.
Analysts believe that the current characteristics of the steel market has been initially apparent, copper market stability and healthy development of the favorable factors gradually increased, such as the Ministry of housing policy, housing rigid demand stimulus brewing a new round of infrastructure investment will accelerate, tend to loose monetary policy, liquidity is expected to improve further and so on, the latter part of the market is expected to continue to improve the smooth development of. But we must also see the current market uncertainty factors still exist, and still need to pick up the current situation of the joint efforts of all sides, to further consolidate.
Sheng Zhicheng told reporters that the price of steel in 2018 will be W - type. He believes that from the perspective of funds, the short-term neutral is good, but the industry distinction of funds has been obvious. The steel industry, especially the steel trade industry, belongs to the high-risk area of credit. It will be regulated. In the medium and long term, the relatively loose capital has created an embarrassing "stagflation" situation. Therefore, the two quarter after the gradual tightening of funds, the probability is larger.