China Steel data

The epidemic has an impact on the upstream, middle and downstream of the industrial chain. It is more difficult for steel enterprises to obtain raw materials, the transportation of finished products is limited, and the downstream is stagnant due to epidemic control or shortage of raw materials. Under the environment of poor logistics, commodity prices tend to rise, which is similar to the rise of vegetable prices under the environment of epidemic control. In addition, due to the expectation of logistics uncertainty, the industrial chain has the tendency to increase the preparation of raw materials. In addition, the market outside Shanghai is relatively strong, and the downstream rush after the epidemic is expected, the short-term black price is still relatively strong, and the inflection point of black price may appear after the rush after the epidemic. In the medium term, the short cycle adjustment of real estate since the second quarter of last year remains to be completed.