| So far this week, the central bank's open market operation realized a net investment of 55 billion yuan, which had been broken for eight consecutive weeksˇ° After the foreign trade import and export data in the first quarter of this year began to be disclosed, the central bank chose to net fund into the market through the open market, indicating that the future monetary policy will tend to boost the economy. One of the measures is to lower the capital interest rate in the money market and solve the financing needs of sa210c alloy tube enterprises. " A trader of a state-owned commercial bank said that the central bank chose to change net return to net investment at this time, which is also to relieve the potential liquidity worries caused by financial contributions and Commercial Bank dividends. The purchasing managers' index (PMI) of China's manufacturing industry in March, released at the beginning of the month, was 50.3%, up 0.1 percentage point from the previous month. It is the first time since November last year that China's Manufacturing Purchasing Managers' index (PMI) indicates that economic growth will stabilize in the future. Production, new orders, new export orders, purchasing volume, raw material inventory, finished product inventory, production and business activity expectations index also rebounded. Among them, the import and new export order index increased by more than 1 percentage point, which improved the indirect export situation of steel as raw materials for manufacturing industry; At the same time, the depreciation of RMB may keep the growth rate of domestic steel export at a higher level in the next few months, which plays a positive role in transferring the domestic supply pressure of sa210c alloy pipe.
With the rise of temperature in the later period and the arrival of seasonal consumption, the construction of urban infrastructure projects in various regions has been started intensively. The import and export orders keep increasing. The downstream terminal demand is expected to release gradually, and the rebound of steel price is expected to be expected. However, it is easy to fall but not easy to rise. All alloy tube traders still need to be cautious and cherish it. The domestic steel market ushered in significant positive news again. The new data of China Steel Association showed that the daily average output of crude steel and internal inventory resources of steel mills both decreased, especially the rapid and huge decline of internal inventory of steel mills which had been running at a high level before, which guided the steel industry to ease the contradiction between supply and demand in the short term; In addition, the area of macro policy and downstream demand are constantly improving, does that indicate that the current round of steel price rise can continue? Out of the worry of "extreme joy begets sorrow", the author has a little uneasy about the future operation of steel price at this good time.
As we all know, China's steel market continued to be weak in the first quarter of this year, steel prices hit a 20-year low in the late March, and the industry's losses intensified month by month; In addition, banks and other institutions have raised the threshold of loans to steel enterprises, and the working capital of steel enterprises is undergoing a severe test, and some steel enterprises are even on the verge of bankruptcy due to the rupture of the capital chain; In order to avoid this potential risk, most of the 20Cr precision steel pipes are limited in the traditional peak season.