[SMM analysis] Infrastructure automotive home appliance policy positive frequency steel demand is expected to be sustainable?-Shanghai Metals Market

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[SMM analysis] Infrastructure automotive home appliance policy positive frequency steel demand is expected to be sustainable?

Translation 03:52:01PM Jan 09, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

Recently, boosted by macro positive factors, the black system generally ushered in a rebound, but the upward momentum is obviously insufficient. Snail 1905 rose 0.11 per cent and hot volume 1905 rose 0.65 per cent. From a specific point of view, infrastructure investment is gradually increasing; there are signs of relaxation in real estate in some cities; Ning Jizhe, deputy director of the National Development and Reform Commission, said last night that measures will be formulated this year to promote consumption of hot products such as cars and household appliances. At this point, most of the plates at the downstream terminals of iron and steel are basically covered, but at present, in the traditional off-season, the construction of downstream construction sites has contracted obviously, and the demand in the northern region has basically stagnated. SMM analysis believes that the current short-term positive factors are still supported, but only stay in the market sentiment, spot transactions with the willingness to rise is not strong, we need to continue to pay attention to the winter storage situation.

NDRC: measures to promote consumption of hot products such as automobiles and household appliances will be formulated this year

White goods plate opened up strongly, Whirlpool (SH600983), Kangsheng shares (SZ002418), Aucma (SH600336), Changhong Meiling (SZ000521) collective sealing board, Chunlan shares (SH600854), Hisense Home Appliances (SZ000921) have followed suit.

The auto and home appliance sectors rose sharply at the start of the day, while SH600609 and SZ000572 rose by 9%, SZ000980 rose 9%, and Changan Automobile (SZ000625) rose 6%. SZ002508 and SZ000333 both rose more than 3 per cent, and Ning Jizhe, vice minister of the National Development and Reform Commission, said measures would be introduced this year to boost consumption of hot products such as cars and household appliances.

(for more information, please subscribe to SMM Steel packets)

Consult information consultant Lu Qingping 021 51595781

Black and stainless steel alloy news push, please pay attention

Telephone / WeChat: 17521140167

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Nov.13
645.0
-2.0
(-0.31%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.13
84.8
-0.3
(-0.38%)
58% Fe Fines (Qingdao Port): IOPI58
Nov.13
541.0
-2.0
(-0.37%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.13
71.2
-0.3
(-0.45%)
65% Fe Fines (Qingdao Port): IOPI65
Nov.13
697.0
1.0
(0.14%)

[SMM analysis] Infrastructure automotive home appliance policy positive frequency steel demand is expected to be sustainable?

Translation 03:52:01PM Jan 09, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

Recently, boosted by macro positive factors, the black system generally ushered in a rebound, but the upward momentum is obviously insufficient. Snail 1905 rose 0.11 per cent and hot volume 1905 rose 0.65 per cent. From a specific point of view, infrastructure investment is gradually increasing; there are signs of relaxation in real estate in some cities; Ning Jizhe, deputy director of the National Development and Reform Commission, said last night that measures will be formulated this year to promote consumption of hot products such as cars and household appliances. At this point, most of the plates at the downstream terminals of iron and steel are basically covered, but at present, in the traditional off-season, the construction of downstream construction sites has contracted obviously, and the demand in the northern region has basically stagnated. SMM analysis believes that the current short-term positive factors are still supported, but only stay in the market sentiment, spot transactions with the willingness to rise is not strong, we need to continue to pay attention to the winter storage situation.

NDRC: measures to promote consumption of hot products such as automobiles and household appliances will be formulated this year

White goods plate opened up strongly, Whirlpool (SH600983), Kangsheng shares (SZ002418), Aucma (SH600336), Changhong Meiling (SZ000521) collective sealing board, Chunlan shares (SH600854), Hisense Home Appliances (SZ000921) have followed suit.

The auto and home appliance sectors rose sharply at the start of the day, while SH600609 and SZ000572 rose by 9%, SZ000980 rose 9%, and Changan Automobile (SZ000625) rose 6%. SZ002508 and SZ000333 both rose more than 3 per cent, and Ning Jizhe, vice minister of the National Development and Reform Commission, said measures would be introduced this year to boost consumption of hot products such as cars and household appliances.

(for more information, please subscribe to SMM Steel packets)

Consult information consultant Lu Qingping 021 51595781

Black and stainless steel alloy news push, please pay attention

Telephone / WeChat: 17521140167