Will the Winter Olympics cause large-scale plant shutdowns and strong fluctuations in steel prices
Date: 2021-12-26
Will the Winter Olympics cause large-scale plant shutdowns and strong fluctuations in steel prices?
On December 15th, the domestic steel market mainly rose slightly, and the ex-factory price of Tangshan billet remained stable at RMB 4330/ton. In terms of transactions, the market was active, and transactions were fair for just-needed transactions, with a slight increase in transactions throughout the day.
On the 15th, the closing price of snails 4441 rose by 1.07%, DIF and DEA were parallel, and the three-line RSI indicator was at 50-67, running between the middle and upper rails of the Bollinger Band.
On the 15th, three steel mills raised the ex-factory price of construction steel by RMB 20-30/ton.
Macro aspect: Regarding the question of whether the Winter Olympics will cause large-scale factory shutdowns and other issues, the spokesperson of the National Bureau of Statistics, Fu Linghui, said on December 15 that regarding the impact of the mentioned Winter Olympics on the production of related enterprises, the total The viewing impact is limited.
Downstream: From January to November 2021, investment in real estate, infrastructure, and manufacturing increased by 6%, 0.5%, and 13.7% year-on-year, down 1.2, 0.5, and 0.5 percentage points from January to October, respectively.
In terms of market: Tangshan City will lift the second-level emergency response to heavy pollution weather from 12 o’clock on December 16. According to the latest data from the China Iron and Steel Association, in early December, the average daily crude steel output of key steel enterprises was 1,934,300 tons, an increase of 12.66% from the previous month.
On the whole, a number of domestic economic data slowed down in November, reflecting the downward pressure on the economy and weak investment and consumption performance. The second full-scale RRR cut was officially implemented during the year, and the macro policy is more inclined to stable growth. On the one hand, the warmer macroeconomic policies and tight spot resources in the steel market still support steel prices. On the other hand, it is expected that winter demand will gradually weaken, winter storage prices are in a game stage, and prices are also difficult to rise. In the short term, steel prices may fluctuate and fluctuate.
Post time: Dec-16-2021
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