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Steel prices continue decline accelerated after the Spring Festival, or up - steel, steel, price - by sgbvdf asga
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Steel prices continue decline accelerated after the Spring Festival, or up - steel, steel, price - by SGBVDF ASGA
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| Article Posted: 03/27/2011 |
| Article Views: 94 |
| Articles Written: 2044 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 590 |
| Article Votes: 0 |
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Steel prices continue decline accelerated after the Spring Festival, or up - steel, steel, price - |
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Business,Business News,Business Opportunities
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In the market interest rate expectations, the continued decline in steel prices Monday, the period of the Rebar Main contract 4300 yuan / ton line shock. Industry insiders estimate that the cost-push factors such as real estate investment to accelerate, driven steel prices after the Spring Festival or to speed up the rise.
Of the rebar on the main contract early 1005 to 4280 yuan / ton to open slightly lower diving again, and then kept at low shock, to 0.47% late rate of income fell to 4,278 yuan / ton, higher than the previous day (22 days) settled down 20 yuan / ton, volume was 870,946 hand positions for the 874,294 hand.
GF Securities analyst Cao new that the current contract price from the main high points earlier this month has already nearly 10% decline has reached 340 yuan / ton. Mainly because of the short side for the credit crunch and other macro-exit policy concerns, and rumors of interest rates also stimulated short of power.
"Under the current price, steel is difficult to profit, so has the support steel prices under cost. We determine steel prices continue to drop is limited, and of course the expected change might make the market oversold, but oversold is buying opportunity. "Cao said the new.
Pattern appears in the sagging steel prices, soaring raw material prices adjust in the first time this year, prices of raw materials and steel were gradually reduced the transmission cycle of the trend. Statistics show that the mentality and the Indian steel watch offer slightly lower mine ore in India led to last week's decline to 2.99%; steel price adjustment, and lower prices outside the mine, making weekly decline in ore prices are up 1.52%; last week of social stock rose to 3.19%, all species showed inventories rising trend.
Steel industry analyst at Everbright Securities Research Institute, Hu Hao that the major impact of interest rates is that rumors psychological level, the steel market mentality was once "test", but the overall performance of the overall look better than expected steel prices and no anticipated the crash. According to Everbright Securities, raised the reserve ratio is not meant to tighten credit, but too much credit by the first week of New Year's reaction, affecting many of the psychological level.
"We judge the future of steel in stock or will continue to rise because of seasonal factors, but the increase compared with last year and there will be a pre decreased. On post-judgment stock inventory to maintain normal high steel prices will not hinder the rising rate of increase in inventories will be much less than in previous years. "Hu Hao think.
Dongguan Securities analyst Boundedness that from the cost-push, more credit, real estate investment to accelerate and sum up historical experience and other factors, we judge after the Spring Festival, or to speed up the rising steel prices, time of occurrence points may appear in the end of February 3 month or so. Exports for the first time to positive. December 2009 volume of 3.34 million tons of steel exports, an increase of 5.36%, was in November 2008 the first positive growth since the fall, the chain will continue to grow 17.2% for 7 months, the chain growth. I am an expert from China Toys Suppliers, usually analyzes all kind of industries situation, such as loop fly reels , fly tying hackle.
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