Before, emotional disturbance caused spot, stock prices fell, traders due to the pressure of a large number of sales, steel social inventory continued to decline, steel inventory rise. Last week, the steel plate has stabilized, rose 3.42 percent. Compared with the previous week's 3.45 percent decline, the situation has improved significantly.
According to Wind data, in the first three trading days of last week, only four of the 28 primary shenwan industries -- banking, real estate, non-banking finance and steel -- received net inflows of major capital. As a result, in fact, as early as the last few trading days have been concerned about funds and continued to flow into the steel industry, which is the industry as a whole behind the most important reason for stability.
Zhongtai securities pointed out that the tightening cycle under the fall in demand is the core cause of the decline in commodities. However, unlike the 2011 tightening cycle, the balance sheets of industrial enterprises in the previous four years did not turn to re-expansion after repair, and the capacity cycle and inventory cycle remained healthy, resulting in a narrower gap between the peak and trough of the cycle than in the past. Therefore, the decline in commodity prices is not smooth trend, showing a curve swing downward trend, decline too much will appear a certain degree of rebound. Cyclical stock investment also mainly capture similar oversold rebound opportunities. Recently, the steel price continued to rebound, to repair the excessive drop caused by the previous emotional factors, along with the price recovery, the quantity of goods taken downstream increased, in recent weeks, the inventory dropped a considerable amount, from the side also shows that the economy although the marginal slowdown, but still did not stall. At the same time, the quarterly earnings of steel enterprises is expected to decline from the quarter, but the overall is still in a higher range. Plate has the possibility of staged rebound, game rebound market can still period.
Analysts pointed out that under the premise that the stock capital dominates the market, the mainstream capital pays more and more attention to the realization of performance growth. At present, a-share is still A stock game market, and its investment style is more and more close to value investment. In such a background, such as the steel plate of the current performance is determined, the industry growth can be steadily realized, the overall industry is also in an upward cycle, after the adjustment, plate configuration value highlights.