Rebar futures fell on Monday is the reaction that markets against the "New Deal", is likely to be the end of the rebar futures fell, if it can return ...
Rebar futures fell on Monday is the reaction that markets against the "New Deal", is likely to be the end of the rebar futures fell, if it can return to above 60 per line on the next trading day , it’s very likely that hot dip galvanized coating steel pipe will increase. "Analysts said, the stipulation of the housing market in the" New Deal "about value-added part of individual real estate sales collecting 20% income tax will reduce the supply of second-hand housing market, force the house-purchase demand tilt to the newly-built house demand, thereby it will promote the rate of operation of new house, and it will benefit rebar. The reporter get it from a house agent in Shanghai, after introducing "New Deal", the second-hand housing in Shanghai sales well, both buyers and sellers hope to finish buying and selling before implementing the detailed rules . And after the "New Deal" implemented, the transaction of new house is expected to expand further. From the beginning of July, There are several buildings under construction in Jiangsu, Zhejiang and Shanghai. In the long run, the introduction and implementation of the regulations of "New Deal" will benefit the construction of urbanization. Recently, although downstream terminal purchasing rose again slightly, inventories fell, the stability still remain to be seen, and real estate, automobile, shipbuilding and other industries didn’t recover obviously.
As for how long the current steel prices rally can last, and whether it presages have formed steel price turning point or not, experts believe that businesses should not be too optimistic. Jiangsu Shagang Group Co., Ltd. raised more conservative in mid-march, the policy of Baosteel in April is out of the expected tone that maintain stability and reduce price. The pricing policy of galvanized welded steel pipe is somewhat does not conform to the rules, the intention of waiting the bearish market is relatively obvious. Perhaps it is an action taken base on cost reduction of iron ore and other raw material. Just in order to get more orders, but obviously, it’s more difficult for Tianjin market to judge lately.
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