China steel welded pipe market changes relatively little

- Jun 30, 2017 -

Although the stock market mammoth straight seam welded pipe, but the steel market is difficult to see ripples fell endlessly, but next week the market trend there is a greater uncertainty. According to the news, the next Tuesday (December 9) will convene the Central Economic Work Conference, the end of the two-month China Development and Reform Commission approved more than 1 trillion of infrastructure investment projects, the market for the Central Economic Working Conference to continue to stabilize growth there is some expectation. In addition, next November, CPI, PPI, fixed assets investment, industrial value added, import and export, M2, new loans and other important data will be introduced. Recently, there have been rumors in the market that the central bank may lower the reserve requirement rate, once the November economic data is poor and continue to deteriorate, after the November 21 rate cut is expected to decline, the central bank really has the possibility of close communication, after all, our commercial banks 20% of the deposit reserve ratio is indeed high. Next week's market will face greater uncertainty in creating benefits, one of the possible effects of the release of the above-mentioned economic data, and the previous two consecutive weeks of stock market rallies, the recent five stock market has appeared 6% wide concussion, many empty contention very intense to stir up, explained now the market has had the difference, if next week stock market appears falls down adjusts the compression cost, certainly will have the negative influence to the weaker steel futures especially rebar futures.

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