Weekly iron and steel industry: after the holiday end up benefiting the library, smooth steel performance

Release Date：2013-08-12 00:00 Source：http://www.ksyyc.com Click：

Steel : After the holiday end up benefiting the library , smooth steel performance
    The first week after the National Day holiday overall performance of the domestic steel prices stable , the downward trend eased early : on the one hand from the end user must exist after the holiday centralized replenishment needs , help stabilize steel prices ; on the other hand , this week's card index rose 2.46 percent , rebar futures contract rose 0.39% , the relative optimism in financial markets is also conducive to the spot price performance. However, the combination of steel and inventory performance together, have not seen the beginning of October, the traditional peak season than-expected recovery in end demand signs : Even if the existence of the Festival replenishment rigid demand , steel price index rose just 0.02 percent one week , 0.95 % of the social stock ring is not too big than decline. Once the market is expected to return to growth in demand is difficult to further clarify various aspects of the industry chain inventory management led to strict industry volume and price fluctuations are gradually narrowing effect will persist .
    Ingredients: September ore imports hit a new monthly high of Zhejiang heat treatment, or due to pre- stocking due to positive
    Domestic ore prices also rebounded this week, and the range is relatively large, which ore price has always been characterized by a relatively large fluctuations related . September ore imports 74.58 million tons , a record monthly high for the year : Due to the Hong Kong import statistics are data , the reaction was a month before purchasing behavior mills or traders ; 7,8,9 months ore imports monthly average price was $ 118.47 , $ 118.84 , $ 126.18 , combined with the gradual rise in the average price of imported ore trend may be expected to be more optimistic about the pre-market , increased steel prices rebound in the traditional peak season in the process of ore 9 Preparation of monthly shipments of imported ore makes September ore imports to Hong Kong hit a record high. If the terminal continued lower than expected recovery in demand and production expansion has not been effective , does not rule out short-term steel raw material inventory pressures facing the possibility that this needs to be further verified. This week the main coke futures rose 0.91% , spot prices remain unchanged . Now, during the National Day of Tangshan Municipal Government issued ordering the limited sulfur coke coke prices to stimulate substantive effect.
    Earnings: slightly different varieties , the industry continues to face a slow decline in earnings
    Performance differences between varieties makes steel week we estimate gross varieties slight differentiation , gross profit benefited from seasonal demand recovery rebar rose slightly , while the plate is a slight decline . Weak steel prices adjust slowly making the overall profitability of the industry also faces the gradual deterioration : 163 nationwide survey this week Mysteel steel surface is 66.87 percent profit , the chain last week's 69.33 percent drop 2.46 percentage points.
    Recommendation : Continue the industry standard , select varieties of offensive and defensive
    Festival the first week of the general rise in the share price , the industry index rose 2.68 percent while slightly outperforming the Shanghai Composite Index slightly underperformed Wind A full index . Taking into account already at historically low valuation levels , the proposed standard industry continues to focus on growth performance relative Yulong shares determined , Chang Po shares , long- established special materials .

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