Last week (08.31-09.02) there were only three trading days last week, supported by funds supporting the market.Large marketIt fell slightly by 1.4%, but many small-cap stocks and stocks with higher previous gains fell more.GemThe index fell 9.3%, and many stocks have fallen out of their relative value after this round of sharp falls. The recommendation logic in the second half of the year is still the target of continuous attention to event expectations and relatively good performance.
The volume of steel in the spot market continues to shrink, Myspic steelComprehensive indexIt fell 0.87% this week, 29.8% lower than the same period last year, and the Xiben steel composite index was 2250, unchanged from the previous month. Platts 62% iron ore index closed at 56.75dollarPer ton, a slight increase of 0.8%. Iron ore stocks in ports across the country closed at 80.2 million tons, down 0.8 per cent from the previous week. The total amount of steel in circulation dropped to 10.5326 million tons, down 1.59% from the previous month. The domestic market is about to enter the traditional "gold nine silver ten"ConsumptionIn the peak season, demand may improve, but from the supply side, steel prices have continued to rise recently, the profit space of steel mills has rebounded, and the enthusiasm for production has increased significantly. In addition, with the end of the production limit of the military parade, the production capacity of steel mills will be released again, and the future of iron and steel also depends on the implementation of measures to stabilize growth and the recovery of the real economy.
Weekly trends: 1. Supported by pallet funds, the market fell slightly by 1.4% this week, but many small-cap stocks and early hot spots were hit hard, falling by more than 10%. We think that after this decline, many stocks already have rebound momentum and investment value. It is recommended to pay attention to the investment targets with a large decline. The central bank governor said at the G-20 central bank governors' meeting that the RMB is currently against the US dollar.exchange rateHas stabilized.Stock marketHas been roughly adjusted in place.financial market It is expected to stabilize. two。 The finance minister said at a meeting of G-20 central bank governors that China's current economic situation is still within expectations. China's economy has entered a new normal and is expected to grow at about 7 per cent, which is likely to last for four to five years. CurrentBulk commoditiesIt remains low and shows no sign of rebounding after more than a year of falling commodity prices. Crude oil, black,Non-ferrous metalAnd the prices of many major mineral products remain low. This situation can significantly reduce costs for China, which vigorously promotes transformation and has pressure on economic growth, but at the same time increases the pressure on transformation.
Maintain the original point of view, after a substantial pullback, the recommended target investment value is obvious: 1. The Beijing-Tianjin-Hebei integration plan will bring benefits to the region and surrounding iron and steel companies, includingHebei Iron and Steel, Shougang, Xinxing; 2, the targets driven by event expectations: Nanjing Iron and Steel, Sangang and Bayi; 3.Reform of state-owned enterprisesTargetWISCO sharesAnd Baosteel. four. Receive "The Belt and Road"Jiuquan Iron and Steel Company, Bayi,Xining Special SteelWait. 5. Electric trademarks of Baosteel, Steel Union, Shagang, Minmetals, superalloy Fushun, Gangyan, JiuliNew energy sourcesDongyuan, Baoanshi, the target of power battery. Short-term attention to Jiuquan Iron and Steel, Bayi, Hebei.
Risk hint: demand shrank more than expected and steel prices fell.