Fence netting in China steel exports and imports in February are shrinking

Fence netting in China steel exports and imports in February are shrinking, also shows that the international market for China's steel export trade protection measures have started to work, at the same time also shows that China's domestic market demand downturn, economic recovery is still slow. Worries about high CPI to the capital markets have low earlier this week, the market financing area or tight expectations have increased, combined with the recent expansion of Chinese government fiscal stability monetary tone, but also enhance the expectations of the market, make the week hong kong-listed overall mood depressed. Domestic product material price continues to decline, only a small individual cities have a garden fencing. In fact from a recent policy combination tone and the steel varieties in the role of the whole national economic development, the future expansion of the market funds pushed commodity prices higher raw material in the Chinese government appears to be more adverse, therefore, the Chinese government did not follow such a tone of global liquidity expansion to China's policy orientation, on the contrary, for this year's monetary policy will remain relatively stable strategy in our country. Is given priority to with expansion and fiscal policy, the basis for production and construction steel products, raw materials are relatively clear. Therefore, think that the market is still bearish at the early stage of the digestion step by step, as the new resource is gradually to the market release in March, steel price cost focus is clear up, the current price and marked down steel mills ex-factory price in policies, prices fell after the deposit end policy clear technical repair, and the two cases, is still expected to stage a concussion to pull. Steel prices in the continuous decline, the current steel prices are at the bottom of the periodic, there is a corrective rally need; And severe inversion phenomenon, at present, the steel price has stores on sale will reduce greatly. As the gradual recovery and a garden fencing in demand, the possibility of a slight rebound is expected this week domestic hong kong-listed is, in late march or have a substantial positive performance.