What are the main factors affecting the demand for steel pipes?
The demand for steel pipe is constantly changing, which is mainly used in the production field. Especially, the consumption of steel pipe is relatively large in the real estate industry, which has become the main demand factor driving the steel pipe market. When the steel pipe is changing in demand, it is also important to pay attention to its changing trend and the formation of the main demand, so that the formation and the main development of the steel pipe is also relatively important. No matter under what circumstances the demand for steel pipe has become the main means of economic growth, the following are the main factors affecting the demand for steel pipe:
Investment continued to decline, demand in the medium - to long-term negative
In terms of macro data, the overall economic data of April showed that the added value of large-scale industry was on the rise, the import and export picked up after eliminating the influence of seasonal factors, and the investment in fixed assets continued to decline. Among them, the investment in infrastructure and real estate, which had an impact on steel ******, declined, the growth rate of manufacturing investment rebounded, and the consumption was lower than expected.
Monetary level: tight credit continuation
In monetary terms, M2 grew by 8.3% year on year, with new social financing reaching 1.56 trillion yuan, an increase of 172.5 billion yuan, and new loans reaching 118 million yuan, an increase of 79.7 billion yuan. The short-term stabilization of social finance is mainly due to corporate bond financing, while non-standard financing is still shrinking under strict supervision. New loans, residential loans and medium - and long-term loans to enterprises decreased. According to the monetary policy report of the People's Bank of China in the first quarter, the loan interest rate increased by 22bp from the previous quarter to 5.96%, an increase of 43bp compared with the same period last year. Meanwhile, the non-standard financing interest rate center of less than 1 year in the first quarter reached 7.27%, an increase of 76bp compared with the same period last year, and the financing cost continued to increase.
Policy level - expanding domestic demand is not real estate
Expanding domestic demand was proposed against the background of declining domestic investment, the impact of the trade war on exports, and downward pressure on both investment and exports. Judging from the recent cessation of the trade war between China and the United States, and the Housing Ministry's real estate policy, it is unlikely that the expansion of domestic demand will fall on the real estate side.
