Himfr Reports Steel futures prices apt fashionable

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the lusty recovery in domestic real estate encouragement, coupled with increasing pattern of domestic excess liquidity, Baosteel, Wuhan Iron and Steel and other large enterprises have to increase the smudge price, July 15 rebar and wire cardinal futures compact to scale new highs since listing.
Renewed support for steel prices real estate bubble
Recovery in the premier half of the domestic real estate market quickly, faster than the market heating up the extensive majority of human had expected. According to the National Bureau of Statistics, 1 to 6 months, the national real estate bargains area of 341.09 million square meters, up 31.7%; commercial housing sales of 1.58 trillion yuan,[link widoczny dla zalogowanych], up 53.0%. June, 70 cities extensive housing sales price rose 0.2% in May was down 0.6%; fetter rose 0.8%, or expansion of more than 0.2 percentage points in May. In June, the National Real Estate Climate concordance 96.55, 0.61 points higher than in May to improve. The amount of real estate prices go up, many developers recently put aboard a large "victory dinner", a current globe approximately the chief re-emergence of the increasingly manifest signs of the real estate spume. Although Hangzhou, Nanjing, Shenzhen and other cities to tighten the second pledge policy, but in the short term is tough to significantly cool the real estate fever. Although the rebar and wire rod prices list as the proportion of real estate is not large, but the real estate manufacture holds rebar and wire rod consumption of more than half of absolute consumption, the real estate industry's quick revitalization, ambition undoubtedly promote a stronger rebar and wire rod prices . The second half of this annual, the domestic real estate manufacture will retain quick evolution impetus, the price for rebar and wire rod aid can no be ignored.
Excess liquidity increased inflation expectations
The central bank has announced the first half of RMB loans increased 7.37 trillion yuan, up by 4.92 trillion yuan more. 6 at the end of 2009, spacious money afford (M2) poise was 56.89 trillion yuan, up 28.46%, an addition higher than the before year 10.64 percent,[link widoczny dla zalogowanych], 2.72 percentage points higher than the before month end. 6 at the end of 2009, the state's foreign interchange keeps to 2.1316 trillion U.S. greenbacks, up 17.84 percent. First half of the country's foreign interchange reserves additional 185.6 billion U.S. dollars. Loose monetary policy, monetary credit supernormal growth, paired with the basic money of Foreign Exchanges put increased excess liquidity is especially premonitory. Taking into account the central administration and central bank have said recently the second half of this year will persist to loose monetary policy, the domestic location of excess liquidity will persist and promote the market's inflation expectations for the hereafter.
In appending apt adequate liquidity into the regular product and consumption, merely likewise inevitably involved in the stock market, attribute market and commodity futures and additional wealth markets, and enhance the stock costs, house prices and commodity prices higher, stronger. One of the essential raw materials for the attribute market and the servant trading commodity futures varieties, rebar and wire rod driven along a twice force. Currently, the domestic futures market has exceeded the quantity of money the size of 82 billion yuan, off funds apt the futures market is continuing to stream into them.