Five tiger financial early review rebar in the two weak supply and demand, in shock

2022-06-08 0 By

The consumer price index and producer price index were basically in line with expectations, with little market impact.Port iron ore inventory continues to increase as well as the relevant government departments of the iron ore market intervention, so that the raw material end weakened.Rebar is in shock under the condition of weak supply and demand.China’s consumer price index (CPI) and producer price index (PPI) rose 0.9% and 9.1% year-on-year in January, both moderating, the National Bureau of Statistics (NBS) said on Wednesday.Us producer prices rose 9.7% in January from a year earlier, beating market expectations of 9.1%, according to data released by the Us Labor Department.According to data released by MySteel.com on Tuesday, the total iron ore inventory at port 45 was 159.392 million tons as of February 14, up 2.129 million tons week on week.In view of the recent changes in iron ore prices, the Price Department of the National Development and Reform Commission and the Price Supervision and Competition Bureau of the State Administration for Market Regulation plan to send a joint research team to some commodity exchanges and key ports to carry out supervision and research on the iron ore market.The Dalian exchange has also doubled trading fees to curb market speculation.In addition, according to the Chinese Industrial steel Industry Association detection, the recent part of the mining enterprises violate business ethics, release and hype false information.According to the news of Securities Times on February 15, the State Administration for Market Regulation, the State Administration for Market Regulation, the end of the reform, the CSRC jointly warned some iron ore trading enterprises in view of the recent abnormal fluctuation of iron ore prices.Affected by adverse factors, rebar market will enter the adjustment trend, wait-and-see.Production growth is too fast under high profits (down), and real estate market expectations turn better (up).