pure copper strip

Overall, the steel consumption manufacturing industry has had a good start in the new year, and the trend of recovery is obvious..' In the recent continuous decline, The industry index that has been underperforming has not been able to run out pure copper strip of significant excess returns.In January and February of this year,

China's two major purchasing managers' indexes (PMIs) were both above the 50-dry line, and the order was in good condition. Of course, in the peak season when the short-term fundamentals have improved more than a certain period of time, we do not need to be too bearish on industry indexes that have underperformed other cyclical stocks.

We still recommend standard configuration for the industry as a whole, and we recommend that we continue to pay attention to both offensive and defensive products, such as Fangda Carbon with greater flexibility, emerging cast pipes with relative performance guarantee, and Hebei Iron and Steel with a lower market value per ton of steel. 'Fast-growing crude steel production and high inventory are still the main sticking points that affect the market trend, and the recovery of demand remains to be seen. Whether it is overcapacity in the medium term or short-term price declines, rising inventories make the industry not even have an industry comparative advantage in the choice of defensive varieties.4% year-on-year, 43% faster than the same period last year; metal cutting machine tools increased by 5%, 17% faster; automotive growth was 12. Only the growth rate of ship production has fallen sharply.

The low point before the rebound may also be the low point in March and April. Regarding the trend of the steel market in the later period, analysts said that it is difficult to be optimistic. However, under the situation of heavy inventory pressure in the copper belt market in various regions and the record-breaking output of steel mills, it is difficult to form a continuous rally after the price rebound, and the subsequent market may still be repeated

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