Recently, domestic steel prices may be affected by the surge in inventories and downstream demand has yet to be released. The road to rising inertia of steel prices after the Spring Festival has been interrupted. Although the current market mentality of merchants is generally more favorable to the late stage, it is still in crisis in Europe. Under the circumstances that the domestic economic growth rate is insufficient, the market outlook is worrying. The NDRC has reported that the total investment in the new projects in 2012 will increase, which will help to ease the weak atmosphere of the recent market to a certain extent. According to the National Development and Reform Commission on February 6 announced the January-December 2012 new construction and construction project overview, the data show that from January to December, the new construction project plans a total investment of 240,343.4 billion yuan, an increase of 22.5%. The total investment of the construction project is 632.21 billion yuan, a year-on-year increase of 18.7%. From January to December, fixed assets investment (excluding farmers) was 301.93 billion yuan, a year-on-year increase of 23.8%. The first, second and third industries completed investment of 679.2 billion yuan, 132.264 billion yuan and 162.877 billion yuan respectively, up 25%, 27.3% and 21.1% respectively. The data shows that China's economic growth rate will continue to be expected to maintain a high level in 2012, which has caused concerns about the decline in the industry's business climate caused by the slowdown in economic growth expectations. According to the news, the Midwest It will be the focus of this year's fixed investment. The strong steel demand brought by the development of the Midwest has already been reflected in the Xinjiang market in 2011. Then we have reason to believe that with the progress and efforts of the entire Midwest development. Large, the terminal demand for the steel industry during the year is still based on positives, and market concerns may come to an end. Of course, as far as the steel industry is concerned, whether the steel price can use the news to stimulate the recovery will depend mainly on the subsequent changes in the price of the forward market and the implementation of the new start-up project plan. In short, under the premise of expanding domestic demand. , good is better than bad. In addition to paying attention to the fundamental changes in the news and demand, the current steel market, capital, cost and inventory are also a major focus. According to market monitoring, as of February 6th, the raw material market as a whole is mainly stable and rising. The price of imported iron ore has risen by US$2, and the current price of Indian iron ore 63.5% is priced at US$148/ton. The domestic mine Tangshan iron fine powder grade 66% of the mine ex-factory price is 1210-1220 yuan / ton (dry tons, including tax). On the weekend, the ex-factory price of Tangshan Pufang billet rose by 20 to 3,700 yuan/ton, Jiujiang 150*150Q195-Q235 billet price was reported at 3,840, and Songting 150*150Q195-Q235 billet price was reported at 3,700. Stimulated by the news that the steel mills will concentrate on stocking in the later period, the confidence in the raw material market began to pick up. Although the short-term market purchases are not hot, it is worth looking forward to. The cost of steel prices in the later period is still dominated by the strong. At the same time, in terms of funds, after the Spring Festival, the liquidity of market funds is relatively loose. It is expected that in the past few days, the central bank will have to withdraw funds to regulate the current loose liquidity, which makes the probability of lowering the RRR drop significantly. The situation at the beginning of the year should not be too tight, and the market can be assured. The most important point is the surge in inventories. The data shows that since last week, the total national steel stocks have surged by 1.54 million tons to a high of 17.38 million tons, although it is slightly lower than the level of 770,000 tons in the same period last year. In the case that demand is expected to weaken, the large increase in inventory directly leads to an increase in the imbalance between market supply and demand. According to the market, the arrival of steel mills in major domestic markets is increasing rapidly. The phenomenon of low inventory at the end of the year has come to an end, and perhaps the mentality of the business will change. In general, the current market is mainly based on waiting for demand release, steel mills, businesses or businesses, all around the need to make a fuss, but when the downstream demand began to release, the practice is difficult to concentrate in February and March, Merchants carefully control the inventory and its structure, paying more attention to downstream demand and changes in funding.
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