csc: the price of steel will still fluctuate in the two quarter | zhejiang concorde group-万利游戏app官网下载

china steel association in may 24th issued a monthly analysis report that, although the two quarter is the peak of the steel consumption season, but as the growth of the main steel industry growth continues to fall, the slow growth of steel demand, the market supply and demand contradiction intensifies, steel prices will be low fluctuation operation trend.
china steel association (csc) pointed out that some key state projects are increasing investment, and the central bank downgraded the bank reserve ratio by 0.5 percentage points in may 18th, which is the third downgrade in the last 6 months. it will play a positive role in alleviating the tightening of market liquidity and stimulating demand, and the demand for steel is expected to maintain growth.
on the other hand, although the growth rate of steel production has fallen down from a year earlier, the increase in production is still more due to the large base number and more production. at the same time, because of low industrial concentration and fierce competition in the homogenization of products, the price of steel can not be greatly improved. in addition, although the decline in steel inventories slowed down, the price of raw materials has increased, which still has a certain supporting role in steel prices.
as to the main issues that need to be paid attention to in the late market, china steel association points out that steel production remains high and the supply and demand situation is still severe in the situation of the slowdown in the overall demand for domestic market, the price fluctuation of imported iron ore, the rising cost pressure of iron and steel enterprises, and the rising of international market trade friction are not conducive to steel products. exit。
the report also shows that in april, china’s main steel industry growth rate continued to fall, and domestic market demand grew slowly. as production continues to maintain a high level and exports decline, the contradiction between supply and demand of iron and steel is aggravated, and steel prices rise first and then decrease.
by the end of 4, china steel association cspi steel composite price index was 121.19 points, which was basically flat, with a year-on-year fall of 10.05%. among them, the long timber index is 125.88 points, the circle ratio is 0.02%, the year-on-year decrease is 10.60%, the plate index is 118.79, the ring ratio is 0.03%, and the decline is 9.76% over the same period.
in the same period, the prices of high line, screw steel, angle steel and cold rolled sheet were reduced by 0.02%, 0.35%, 0.09% and 0.48% respectively, and the price of plate and galvanized sheet continued to rise, but the increase was also lower than that in march; the price of hot rolled coils was flat, and the price of hot rolled seamless tube was price. the increase is 0.23%.
in addition, as of may 18th, 26 major markets in the country have dropped to 16 million 140 thousand tons of steel social stocks, 7.82% and 2.99 percentage points higher than the same period, and the monthly decline was 3.77%, and the decline was 2.44 percentage points.