Recently, the substantial improvement of
the investment demand drove the coke market, from origin to XiaoQu, breaking
the silence, the spot market prices rose. As a cyclical industry of demand,
coke prices stabilised is rooted in demand side continues to improve. From the
perspective of coke market fundamentals
remain optimistic.
Today a more positive fiscal policy,
monetary policy contributed to the economic situation, make the macroeconomic
stabilisation picks up, to stabilize the domestic large industrial market play
a fundamental role. Since June last year, the real estate market operation
situation improved, investment began to pick up. As the downstream of the steel
market, real estate investment profit improvement, directly pull the steel
prices continue to rebound, drive the local coke prices.
From this perspective, coke prices driving
force, is the real estate market profits. Although several big city city issued
purchase or limit credit policy, but loose monetary policy big probability will
not change, and stable real estate market, the stability of the steel market,
and stable markets such as coke. And real estate investment will continue to
improve, coke and other related market still is expected to continue to
recover.
On the coke at present middle and lower
reaches of low stock level of each link, coke prices catch up expectations. In
addition, good coke spot sales profit in the futures market profits and result
in futures trading enthusiasm.
In short, although the industry have yet to
be fundamentally reverse the weak pattern, but stage in local markets as a
result of supply and demand of resources shortage, is expected to bring coke
price periodically rebound, and profits of bottom-up conduction continues, coke
prices is still optimistic.
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