This week forecast: black varieties this week, the raw material end is expected to run the price of iron ore shock, coking coal stability, coke before the National Day stability probability is larger, scrap continued high shock operation, billet price in tangshan environmental protection expected situation or shock strong.The end of the building materials is expected to fall back, high shock plate, hot rolling, cold rolling short term still narrow range shock.
Details of the meeting are as follows:
First, the macro aspect
The new LPR was quoted for the second time at 4.2 percent, down 5 basis points from August.The central bank continued to shrink MLF, interest rates remain unchanged.Industrial added value above designated size rose 4.4% in August, and industrial production reached a new low.China’s investment in fixed assets grew by 5.5% in the first eight months of this year.In the first eight months of this year, investment in real estate development rose 10.5 percent year-on-year, the fourth consecutive month of decline.Internationally, the federal reserve cut interest rates for the second time this year, the bank of Japan and the bank of England did not follow up the rate cut, Brazil, Indonesia and other central Banks follow up the rate cut.
Second, the variety of raw materials