Golden nine silver ten will appear

Into the second half of the domestic steel end months of decline and metallurgical raw materials market, the main varieties have a rebound, the market does not represent the off-season, cold drawn carbon steel pipe key cities for the varieties of steel prices rose more than 10%. In the early stage of the positive policy support, market has been the "golden nine silver ten" market full of expectation.

Earlier this month, according to the data of China federation of logistics procurement, long radius butt weld pipe elbow July and August steel PMI index were 52.5%, 53.4%, respectively, for two months back to line from above.

Thought, PMI index rose to expand interval, adumbrative market activity picks up. And as the second half of the infrastructure, railways and other project developed steady growth, the steel market demand could further lift, hong kong-listed is expected to continue to rebound.Analysts believe that the state railways, infrastructure and shanty towns transformation projects such as investment increase, will inevitably lead to steel demand, coupled with into the "golden nine silver ten" after the peak season of consumption, will be modest recovery in the second half of the market trend.

But Hu Yanping pessimistic attitude, she said, good "lower limit" for the government macro economic indicators, carbon steel concentric reducer also reduce policy expectations. In the uncertainty and instability to international commodity under pressure. Throughout the steel supply and demand, although the "golden nine" approach, but part of the early release of effective demand, demand further capacity is limited, at the same time some varieties of inventory incipient recovery, steel production enthusiasm to continue rising, will constraint has been rising for more than two months of the steel market.

In respect of iron ore, astm a53/a106 steel tube standards the joint metal mesh, a senior analyst at Zhang Jiabin said that supply exceeds demand and steel mills are influenced by environmental production expectations, the market rebounded to $140 from $110; The current steel mills for three consecutive weeks without an inventory but port inventories is limited, which may continue to push up ore prices.