The acoustical day ablaze that criticises in near future home market speculation strength hits the price that press steel during, “2005 of close sunrise banquet year seminar of high level of market of Chinese rolled steel and in couplet steel electron trades the association of Chinese iron and steel industry of ” of market practice celebration (next weighing “ steel assist Wu Xi of the chairman before ”) pures, deny market hype to bring about absolutely steel price falls greatly this year, think to make full use of the rolled steel electron that informatization technology develops modern other people to shed a meaning to fall trades the market is meeting meantime.
This is retreated before long before chairman, show steel assist advisory, the problem “ that points out market of current home steel products is not demand inadequacy, however excess supply ” . He is analysed, fixed assets investment grows more than 20% actually, already special tall. Although our country economy already appeared firm in hasten falls posture, but still move at perch. Accordingly, at present demand of domestic steel products is not inadequacy.
Contrary, supply of domestic steel products is serious already and excess. Wu Xi honest points out, by at present situation of each steelworks production predicts, steel output will amount to 340 million tons this year, relatively grew 70 million tons 2004, and 2004 already relatively 2003 increase production 50 million tons, and each are at present big steelworks still is in go in for sth in a large scale building extend is produced can.
Accordingly, wu Xi honest thinks, because produce growth to exceed demand to grow greatly, supply exceeds demand of domestic steel products is at present more serious than in the past.
Be in steel price exceeds first half of the year drop to production near cost when, the high-level public figure that already had relevant department censures publicly trade the rolled steel electron of ” of accurate futures of rolled steel “ trades the ill will that the market has a spec to acclaim spot market of disturbed rolled steel. To this, wu Xi pures to express clearly, fall after a rise of value of domestic and international steely market is to attribute regular price fluctuant and periodic behavior, be not the market to acclaim place to be, and the price drops the adjustment that is helpful for steely industry structure.
“ is in China, without a kind of any great society power (include old steel mill and agency) can dictate market. Feel congenial to hype lays the person that controlled steel price the condition that conscientiously, should serious ground goes to studying home market. Honest of ” Wu Xi says.
Nevertheless, wu Xi pures to also express, steelworks, user should control market speculation action jointly, because “ is overall,tell, the spec does not have ” winning the home. And replying " daily of the first finance and economics " whether does concerned home suit to go up the query of rolled steel futures when, wu Xi honest objects London metal bourse with association of international iron and steel (Lme) rolls out rolled steel futures for, show oneself are not valued to futures of the rolled steel on home.
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