The dominant short-term steel price is supported by many fact

 Compared to the September Steel City, October, the steel market did not bring a big surprise, and see October is nearing its end, in the 19 big closing, the steel price will usher in outstanding performance, the author of recent events at home and abroad and the Steel market performance analysis:

The overall performance of the international macro-level is dominated by factors, the United States Labor Department announced in Tuesday, September import prices rose by 0.7% compared with August, the largest single month increase since the June 2016 chain Rose 0.7%, reflecting the high price of imports, including fuel costs; The United States October New York Fed manufacturing index of 30.2, the highest since September 2014, the data are higher than market expectations, and in the latest release of the Federal Reserve brown paper, despite the hurricane to some parts of the United States economic activities have a devastating impact, but the overall look at the U.S. economy to maintain moderate growth. The eurozone's September CPI rose 0.4% per cent, up 1.5% from a year earlier, in line with expectations. Overall, the current international economic situation overall performance optimism, which will have a positive impact on domestic economic development.

In turn, GDP grew by 6.8% per cent in the three quarter, with the economy running at a 6.7-6.9% interval of 9 consecutive quarters, maintaining a high growth rate. January-September released data show that, in addition to the National Fixed assets investment (excluding farmers) growth of 7.5% less than expected to create the minimum of the year, Real estate development investment, residential investment, commercial housing sales area has been significantly increased year-on-year, visible developer investment enthusiasm is not reduced, reflecting the current housing enterprises still bullish investment market confidence. In addition, in September, the total retail sales of consumer goods and the scale of industrial value above have outstanding performance, consumer support for the economy is obvious. and industrial data are also better than expected, according to statistics bureau data show that industry to the high-end, the first three quarters of High-tech manufacturing and equipment manufacturing increased value year-on-year growth of 13.4% and 11.6% respectively, faster than the size of industry 6.7 and 4.9%. Overall, domestic economic growth is mild, industrial production is showing signs of rebound, and soaring house prices are well under control. In addition, the "19 big" emphasis on deepening supply-side structural reform, for commodity market prices will constitute a sustained support.

Again will look at the familiar steel market, last week, iron ore and other raw materials, such as coal prices weak downward trend, finished materials price performance. Judging from the variety, building materials performance for the peak down, in addition to Zhengzhou, Tianjin and other places to continue to the strong price, other markets have a small drop, it is worth noting that last week, the spiral inventory dropped 220,700 tons, the deal greatly reduced 31,600 tons; Although the price of hot coil fell slightly, but the market low volume obvious, The social Library week reduces 7.71 tons, the current market stock pressure is not big; plate market performance for the rise and fall mutual, which the XI ' an market rose the largest, up 80 yuan/ton, measured at present steel mills profit of up to 1038 yuan/ton, from the index point of view, the thick plate stronger than the thread and hot coil varieties; cold rolling, the price overall decline The merchant expresses the price in the small downward period as well as in the concussion uplink initial, the shipping is not particularly poor, the terminal demand performance is passable. Overall, last week, the price performance of various varieties is weak, but the main varieties of social inventory is still down the channel, given that the short-term supply will not be a big change in the price this week will be supported.

In a comprehensive sense, the foreign economy is more clear, the domestic economy moderate growth, short-term steel price although a small decline, but just need to remain, and no major changes, taking into account the 19 major environmental concerns, environmental protection or continue to raise, environmental protection/Winter limited policy is not relaxed, so the supply side of the tight state of short-term difficult to change, based on this, The editors believe that short-term steel prices remain elevated.