At the beginning of September, when the construction materials market turned down, the sheet metal market was still as good as ever, showing an amazing resilience, but people were amazed when the plate market was better than the building materials market, iron ore prices With the increase of uncertainties, billet prices plunged from time to time, suddenly escalated, capital problems still existed, and bad news on the international market sprang up one after another. The downturn in the building materials market became irretrievable. A word of "change" wasn't reached in the market, and it finally showed a slight decline. Although the current plate price decline continues, but the signs of recovery in the market after the National Day have begun to slowly show up, the plate industry's downstream industry gradually recovering, gold October, it is estimated that the plate market is expected to turn around.
According to the latest market report of China Steel Spot Net, on the 9th, the prices of steel products such as cold-rolled steel, coated steel, and medium-thickness steel plates in more than 20 cities across the country have declined to varying degrees. Among them, the average price of 0.5mm galvanized steel in Hangzhou is RMB 5,890/ton was down by RMB 40/ton; the national average price of 10mm shipbuilding plate fell by RMB 18/ton over the previous trading day, and the average price of Guangzhou low-alloy plate was RMB 4,930/ton, down by RMB 30/ton by 20mm. However, in terms of hot-rolled strip prices, some cities began to strengthen. Yesterday, the average price of 2.5mm*232 hot-rolled strip steel was 4,733 yuan/ton, while in Shanghai, the average increase rate was 60 yuan/ton.
For a long time, the business-to-market mentality is more pessimistic. At present, domestic funds are still in short supply, and the European financial crisis is still not turning a corner. However, many people in the industry believe that the capital issue will turn for the better in October. It happens that the signal that the ** funds will enter the capital market at the right moment reveals the government’s economy. Development confidence. After the National Day, the signs of warmer steel prices have greatly relieved the business people's mentality. Although worries about the slowdown in the global economy have continued for some time, the slow recovery of the downstream industry has left plate companies ready to go. They have shown full confidence in turning the tide.
On the downstream side, looking at sales in the first half of the year, it can be said that it is unattractive. In the automotive industry, due to the influence of monetary policy, sales in the first half of the year were bleak and the growth rate was obviously slowing down. After August, the auto industry has seen a certain recovery in sales volume, especially export data. According to the survey, auto manufacturers' exports in August hit a record high, reaching 86,200 vehicles. In domestic sales, automobile production and sales reached 1.393 million vehicles and 1.381 million vehicles in August, an increase of 6.66% and 8.29% from the previous quarter and an increase of 8.72% and 4.15% respectively. In terms of household appliances, due to the withdrawal of policies, sales in the home appliance market have also been sluggish, and profits have fallen flat. However, with the arrival of October, consumption has gradually increased, domestic appliances, automobiles and other industries have emerged as a ray of hope. After the long holiday, the downstream industry has shown some signs of recovery, and the price of sheet metal has also stabilized. Coupled with the recent increase in sheet metal overhaul, the pressure on the market supply resources is not large. Under the support of market demand in the later period, it is estimated that the sheet metal market will continue to improve.
However, although the downstream industries have shown a certain degree of recovery, the shortage of funds can still not be ignored. From steel mills, markets, down to the procurement of automobiles, machinery and other industries, the funding issue runs through the entire steel industry chain. Although the central bank has made a public release of funds to the market for 10 weeks in a row, the scale is also approaching 400 billion yuan. However, it still cannot solve the problem of shortage of domestic funds. The author believes that although there have been some signs of recovery in the downstream industry and the sheet metal market, it is estimated that the recovery rate will be relatively slow due to financial drag.
In general, after the holiday, the plate market has indeed begun to pick up. With the continuous rise of external disks, the domestic plate ** has also seen a clear high opening. Some cities would like to tentatively raise the plate price, but due to The internal injuries were heavier in the early stage, and the pessimistic attitude of the market did not completely disappear. The market's low-cost resources are still relatively high, but the business people's mentality has begun to slowly improve. It is expected that the plate market in October is expected to reverse the downward trend and return. ''Market darling'' place.
According to the latest market report of China Steel Spot Net, on the 9th, the prices of steel products such as cold-rolled steel, coated steel, and medium-thickness steel plates in more than 20 cities across the country have declined to varying degrees. Among them, the average price of 0.5mm galvanized steel in Hangzhou is RMB 5,890/ton was down by RMB 40/ton; the national average price of 10mm shipbuilding plate fell by RMB 18/ton over the previous trading day, and the average price of Guangzhou low-alloy plate was RMB 4,930/ton, down by RMB 30/ton by 20mm. However, in terms of hot-rolled strip prices, some cities began to strengthen. Yesterday, the average price of 2.5mm*232 hot-rolled strip steel was 4,733 yuan/ton, while in Shanghai, the average increase rate was 60 yuan/ton.
For a long time, the business-to-market mentality is more pessimistic. At present, domestic funds are still in short supply, and the European financial crisis is still not turning a corner. However, many people in the industry believe that the capital issue will turn for the better in October. It happens that the signal that the ** funds will enter the capital market at the right moment reveals the government’s economy. Development confidence. After the National Day, the signs of warmer steel prices have greatly relieved the business people's mentality. Although worries about the slowdown in the global economy have continued for some time, the slow recovery of the downstream industry has left plate companies ready to go. They have shown full confidence in turning the tide.
On the downstream side, looking at sales in the first half of the year, it can be said that it is unattractive. In the automotive industry, due to the influence of monetary policy, sales in the first half of the year were bleak and the growth rate was obviously slowing down. After August, the auto industry has seen a certain recovery in sales volume, especially export data. According to the survey, auto manufacturers' exports in August hit a record high, reaching 86,200 vehicles. In domestic sales, automobile production and sales reached 1.393 million vehicles and 1.381 million vehicles in August, an increase of 6.66% and 8.29% from the previous quarter and an increase of 8.72% and 4.15% respectively. In terms of household appliances, due to the withdrawal of policies, sales in the home appliance market have also been sluggish, and profits have fallen flat. However, with the arrival of October, consumption has gradually increased, domestic appliances, automobiles and other industries have emerged as a ray of hope. After the long holiday, the downstream industry has shown some signs of recovery, and the price of sheet metal has also stabilized. Coupled with the recent increase in sheet metal overhaul, the pressure on the market supply resources is not large. Under the support of market demand in the later period, it is estimated that the sheet metal market will continue to improve.
However, although the downstream industries have shown a certain degree of recovery, the shortage of funds can still not be ignored. From steel mills, markets, down to the procurement of automobiles, machinery and other industries, the funding issue runs through the entire steel industry chain. Although the central bank has made a public release of funds to the market for 10 weeks in a row, the scale is also approaching 400 billion yuan. However, it still cannot solve the problem of shortage of domestic funds. The author believes that although there have been some signs of recovery in the downstream industry and the sheet metal market, it is estimated that the recovery rate will be relatively slow due to financial drag.
In general, after the holiday, the plate market has indeed begun to pick up. With the continuous rise of external disks, the domestic plate ** has also seen a clear high opening. Some cities would like to tentatively raise the plate price, but due to The internal injuries were heavier in the early stage, and the pessimistic attitude of the market did not completely disappear. The market's low-cost resources are still relatively high, but the business people's mentality has begun to slowly improve. It is expected that the plate market in October is expected to reverse the downward trend and return. ''Market darling'' place.
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