From the three big investment to see the cause of the seamless square tube in November
Author: | Date:2017/6/16 15:59:31 | Sources:
November seamless rectangular tube industry overall performance of heating up, demand has obvious upward trend since November is the traditional sense of the off-season, but in November of this year has shown is not short off-season market, many manufacturers of seamless steel tube is valued, so there is such a good market, mainly three investment, three from the investment point of view:
1, real estate investment: growth to maintain high growth market regulation and control tightened
In 1-10 months, the cumulative growth rate of real estate development investment was 6.6%, which was 0.8 percentage points higher than that in 1-9 months. In October, the investment in real estate development rose by 13.5% year on year, up by nearly 6 percentage points compared with September, and the highest growth rate since May 2014 was refreshed. 1-10 months, the real estate development enterprises housing construction area grew 3.3%, the growth rate increased 0.1 percentage points higher than 1-9 months; new housing construction area grew 8.1%, 1.3 percentage points higher than 1-9 months; real estate development company purchased land area of 168 million 730 thousand square meters, down 5.5%, a decline of more than 1-9 months narrowed 0.6 percentage points. Looking ahead, the land transaction area and transaction volume in October both showed a significant decline, while the real estate developers' ability to take money weakened. Therefore, the real estate investment in the future will be significantly inhibited, and the growth rate of investment will probably fall.
2, infrastructure investment: North cooling and expansion of infrastructure investment
Capital construction investment in 1-10 months accumulated a year-on-year growth rate of 17.6%, down 0.3 percentage points from the 1-9 month, and has been down for 5 months in a row. Infrastructure investment is related to fiscal expenditure, fiscal expenditure growth rate fell in October and negative to -12.5%, because of the steady growth of fiscal expenditure is too active, before September than income has reached 112%, so after the fiscal revenue began overdraft spending constraints. Looking ahead, it is estimated that capital construction investment will continue to decline at the end of the year, and the reduction of land leasing, the pressure of fiscal expenditure and the winter start will reduce capital construction investment.
3. Investment in manufacturing industry: the economic base is still weak and the growth of manufacturing industry is weak
In 1-10 months, the cumulative growth rate of China's manufacturing investment was 3.1%. But in October, manufacturing investment fell again in the month of October, with a year-on-year growth rate of 2.8%, and a 2.3 percentage point decline compared with last month. Manufacturing investment rebounded in September, but it fell back quickly again, reflecting the sluggish manufacturing industry. The risk of manufacturing investment in manufacturing is still unnegligible.
