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[SMM Steel Market Morning News] some European countries have gradually relaxed epidemic control measures
May 8,2020 09:02CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Friday, 8 May 2020

Rising factor

1. CDB launches second batch of 350 billion yuan special loans for resumption of work and production

The reporter learned from the China Development Bank that the bank recently issued an "implementation plan for further giving full play to the counter-cyclical regulation role of development finance to do a solid job in implementing the" six guarantees "task. In terms of supporting weak links in key areas, the CDB launched the second batch of 350 billion yuan (including US $10 billion in foreign exchange) special loans to resume production and return to production to support the coordinated resumption of production and production in the industrial chain. We will strive to issue 130 billion yuan in special loans for manufacturing in the first half of the year to support the upgrading and transformation of traditional industries and the development of strategic emerging industries.

2. China Automobile Association: auto industry sales in April are expected to complete 2 million vehicles month-on-month growth of 39.8%

According to the sales report of key enterprises compiled by the China Association of Automobile Manufacturers, sales in the automobile industry are expected to complete 2 million vehicles in April, up 39.8 percent from the previous month, up 0.9 percent from the same period last year. From January to April, the cumulative sales volume of the automobile industry is expected to complete 5.67 million vehicles, down 32.1 percent from the same period last year.

3. The recovery of China's Automobile consumption is expected to become a regular employee in May

With the intensification of the resumption of work and production and the introduction of the stimulus policy of automobile consumption in many places, the automobile consumption in our country is picking up rapidly. The reporter learned from the 2020 China Automobile consumption Forum on the 7th that since late April, the car sales of retail enterprises monitored by the state have increased by more than 20 percent over the latter ten days of March, and the momentum of compensation is becoming better and better. According to the latest data from the China Automobile Circulation Association, China's car consumption index was 67.6 in April 2020. It is expected that the transaction volume in May will be close to the same period last year, and the sales of used cars may show positive growth compared with the same period last year.

4. The property market continues to rejuvenate the top 100 real estate enterprises turned positive in April compared with the same period last year.

Listed housing companies in April sales data have been disclosed, from the announcement, the property market continued to pick up in April, the overall sales scale of housing enterprises increased greatly compared with the previous month. According to Kerry Research Center data statistics, in April, TOP100 housing enterprises achieved a monthly full-caliber sales amount of 900.23 billion yuan, an increase of 17.2% over the previous month, an increase of 0.6% over the same period last year, and became a regular employee for the first time in the year compared with the same period last year.

 

Falling factor

1. German industrial output fell 9.2% in March auto industry output shrank by 31.1%

Industrial output fell 9.2 per cent in March as a result of the outbreak, the biggest drop since the survey began in 1991, according to data released by the German government on Thursday. Output in the auto industry, Germany's pillar industry, shrank by 31.1% in march. The industry employed more than 800000 people before the outbreak.

2. The outbreak hit Brazil's auto industry, sales plummeted by nearly 76% in April

(Fenabrave), a federation of Brazilian car dealers, released data on the 4th local time, showing that affected by the new crown pneumonia epidemic, car sales in Brazil in April were only 55700, down 65.94% from the previous month and 75.97% from the same period last year.

3. Agency forecast: CPI growth may fall to less than 4% in April from a year earlier.

The National Bureau of Statistics will release April CPI data on May 12, and a number of agencies predict that as food prices continue to fall and domestic oil products are also operating at a low level, CPI will remain in a downward trend again in April, with a year-on-year increase of or less than 4%. From the perspective of the whole year, the trend of pig cycle peaking is gradually clear, and CPI will continue the downward trend during the year.

 

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