The price of rebar has bottomed out in October last year. With the support of the 4000-point mark, the center of gravity has slowly moved up. In the first week of the new year, there were only three trading days, which was boosted by the positive purchasing managers' index of the major economies in December. The metal market is enjoying a good start. Shanghai Steel's main contract RB1205 opened at 4,235 yuan / ton, but the price has dipped sharply in the afternoon and quickly fell below the 20-day moving average, the previous gains fell short. Subsequently, the steel price counterattacked for two consecutive days, but the rebound momentum was slightly insufficient, and finally closed at 4,196 yuan / ton on Friday.
Lack of demand for mining prices Due to the weak global economic situation and the uncertainty of European debt, the demand for iron ore in the market has
gone from bad to worse, and the price of ore has also been loosened recently. Restricted by the regulation of domestic policies, the current port-based phenomenon is more serious. In addition, the Indian Consumer Tax and Customs Central Committee issued a notice on the 2nd, once again raised iron ore export tariffs, from December 30, 2011 to increase the tax rate from 20% to 30%, as the source of ore after Brazil and Australia. The country, this move will undoubtedly have a significant impact on the domestic steel industry.
The attitude of policy regulation and control is determined from the perspective of policy regulation and control. The housing market in 2012 will still be like a long winter. The Central Economic Work Conference continued to mention in the fifth key task, insisting that property control should not be shaken and promote a reasonable return of housing prices. It can be seen that the government's attitude of continuing to control policies is very firm. Faced with the sluggish transaction volume and price decline in the real estate market, real estate investment has dropped sharply. Therefore, it has a great impact on the source of funds for real estate developers. In the first quarter, it is necessary to pay attention to the situation of bank loan policy trends.
Waiting for guaranteed housing demand is now in the seasonal off-season of construction steel, but since the beginning of December 2011, rebar prices have appeared to be slightly stronger than other commodities. Although the regulation of real estate is unshakable, the government is not lax in the construction of affordable housing. This has a pulling effect on the demand for rebar, while supporting the upward shift in the price of steel. According to relevant data and forecast reports, the number of affordable housing projects currently under construction and started in 2012 is about 17 million sets, which will drive 25 million tons of steel demand, but the Spring Festival will be winter again, so steel prices are subject to this demand. It will take time to push.
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