Text of research report
Market trends:
The output of five major varieties of steel products was 8.8952 million tons, with an increase of 37300 tons compared with the previous year; The total stock of the five major varieties of steel was 18.1305 million tons, with a decrease of 715700 tons in the week on week ratio; The total demand for the five major materials is 9.6109 million tons, with an increase of 308900 tons compared with the surrounding area. Among them, the thread output was 2.3358 million tons, with a ring ratio increase of 29700 tons; The total inventory of threads was 8.2653 million tons, with a decrease of 567300 tons in the ring to ring ratio; The thread gauge needs 2.9031 million tons, and the circumferential ratio increases by 284200 tons.
Logic:
The supply of five major materials continued to pick up slightly, with the increment mainly coming from thread and wire rod The list of five major materials needs to continue to rise, and the total inventory should be maintained and quickly removed. The thread output stops falling back, and the long and short processes have increased, of which the long process contributes mainly to the increase; The thread gauge needs to rise to a new high within the year, and the speed of de stocking has recovered to the pre festival level.
Today's paper on the need to relax infrastructure in 12 provinces and thread gauges need to boost market sentiment more than expected. The price of thread discs has risen. It is expected that the short-term steel price will fluctuate widely. Follow up attention will be paid to the recovery of supply and the sustainability of inventory destocking speed and demand toughness with the coming of off-season.
Outlook: more
Operation suggestion: wait and see
Safe, fast and guaranteed futures account opening on Sina cooperation platform
Sina statement: This message is reproduced from Sina's cooperative media. The purpose of posting this article on Sina.com is to convey more information, and does not mean to agree with its views or confirm its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
Massive information, accurate interpretation, all in Sina Finance APP