Short-term steel is more likely to stabilize and stabilize
With the release of systemic risks, the kinetic energy of the continued downward trend of steel prices is relatively limited, and the high cost will also form a strong support for steel prices. However, as the production of copper platoons is still at a historically high level, the demand for short-term demand is also difficult to change, so steel prices are still lacking the driving force for a sharp increase.
Recently, steel prices have undergone major adjustments, mainly due to multiple negative factors. First of all, although the CPI in August has dropped from the high point of the year in July, the difficulty of the continuous decline of the high-pressure boiler tube in the later period is still relatively large, and its high level of repetition has also largely restricted the space for policy relaxation.
Therefore, in the case of continued tight market capitalization, the overall mentality of investors has become more cautious, and both the stock market and the commodity market have shown a systematic adjustment trend. Secondly, under the pressure of real estate policy regulation, the recent price of commercial housing has shown signs of weakening, and the willingness of developers to start work has also been significantly reduced. The decline in real estate investment growth has directly led to lower than expected demand for building materials, and also indirectly demand for seamless pipes. Larger negative impact.
The recent adjustment of steel prices is basically a release of systemic risks. However, after the sharp decline, the kinetic energy of its continued downward trend has been relatively limited. The short-term 16Mn low alloy tube is more likely to stabilize and stabilize.
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