Media reports
Be Careful of So High Prices
【Time:2016-11-10 11:57】 【Traffic:

The domestic steel market continues to go higher, but compared to the steel market during the capital market surge performance, the overall spot steel market relatively flat amplitude, with the exception of a small area still showing a hundred dollars higher, the other second-tier cities spot price is higher about 30-50 yuan, some of the major varieties offer is a smooth phenomenon appears. The fear of high market psychology can be seen. From the steel orders and spot transactions of the situation, continue to show immeasurable air up phenomenon, the price for the formation of a further challenge to high. For the recent rapid rise in steel prices, the number of veteran steel trade enterprises, processing enterprises are unanimous in charge of those who say that the words: "hide away, do not hurt." Today the market's biggest focus is the US election, and the voice of the biggest odds of winning the Hillary defeat, the Republican candidate Trump's election was unexpected. As Hillary Clinton as the Obama administration, the Secretary of state, if the ruling is expected to continue Obama, the impact of political change for a greater probability, but Trump's election for the entire economic impact of uncertainty increased, especially in public Times radical speech, this also from today's capital market performance show clues. International stock markets, foreign exchange markets have plunged today, South Korea, Tokyo, the Australian stock market crash, including the Nikkei fell more than 5%. Three major US stocks refers to the two fuse, the offshore RMB against the US dollar rose about 170 points, close to recover 6.78 mark. While spot gold is skyrocketing. Trump was triggered by investor risk aversion is expected to continue warming in the short term. The Chinese steel market, the first is the trade port, Trump has stressed the imposition of all Chinese products 45 percent tariffs, the United States is China's second largest trading partner, China's steel products to the United States The total export volume of steel exports accounted for 3% of the share, if the protection of trade, which is undoubtedly a huge blow to China's economy, the steel export market is also a significant suppression. The other is the RMB exchange rate, Trump has publicly said that if elected to China as a currency manipulator, the yuan will face greater downside risks for the overall economic operation. As for the commodities, as the support of gold, Trump came directly to push up the risk aversion, gold prices rose, is expected to further rely on high-late, and commodity investors, especially the black line of the product Lee does not rule out the possibility of temporary profit taking to avoid risks, therefore, the futures market is not recommended to continue to chase the high. From the spot market, the gap between supply and demand mismatch with the raw material port production is expected to appear in the latter part of the incremental repair, and raw materials side, the price of finished products in the sky after the formation of profit margins will also be accompanied by Trump uncertainty Of the increase in the probability of succession. Therefore, although the US election has been settled, but the market uncertainty is increasing, for the spot market, the pocket for the security or the best policy.

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