eq2 platinum 002478 - TFW

Views: iron and steel industry groups points in real time: the domestic steel market: steel market continued to fall this week. Building material, screw-down $ 1.98% to $/ton, high line new 4,140 RMB/ton, down 83 Yuan/ton. Plates this was, hot-rolled and cold-rolled prices fell and 0.61% respectively, slightly up 0.31%。 　　Current rebar prices are at the lowest point for nearly 18 months, rising short still no power blade & soul gold, plate under the influence of several large Mills raise prices to optimism. Inventory: the inventory continues to grow, and inventory increased by 390,000 tons to 8.4951 million tons of rebar, wire stock rose to 2.5035 million tonnes. Plate inventory increased by a smaller, hot rolled rose by 40,000 tons,Increased by 30,000 tons of cold rolled, dropped 50,000 tons. 　　Continuous drop in steel prices, steel trade and take advantage of the buy low rise, causing inventories rose. Raw materials: this week's domestic iron ore prices fell 19 dollars/ton to $ 1150/ton. Imported iron ore, Australia PB powder and 63.5% India powder decreased by $ 20 and $ 30/ton. 2012From 1st, iron ore resources tax by complying with the provisions in tax is charged at 60% to a 80%, we think that since the original charge base is not large, mine has little effect. 　　International shipping index rebound this week, BDI up 0.28%,BCI up 0.27%, Brazil to beilun sea freight up 0.2%, Western Australia to beilun up 0.4%. The great wallViews: we communicate with some steel traders has done this week, markets generally believe that steel prices in the first half it seems there is. Finds the current steel prices have bottomed out, limited to fall eq2 platinum, receiving impulses, resulting in a continuous rise in stocks in the near future, so traders worry about current high inventory is not, and the steel is easy to save, traders are not in a hurry to ship, store goods rosePopular choice. With the easing of money, traders, also there is no need to fast forward as fast as last year, store goods have the backbone, the stable steel prices will play a role. Recently ran away some of the steel trade event, we think, should not as a reason for iron and steel industry, they are not because steel products business loss, but steel trading scamCapital chain breakage resulting from loan to loan sharks, actually do the steel business of traders and not so serious financial issues. Investment strategies: CITIC steel index in Jinan iron and steel group, panzhihua iron this week, led by rising 1.06%, up more than the market. But individual stocks rose mainly due to event-driven rift plat, industry fundamentals have not much changed, upPower is still insufficient. According to the current steel price trends, performance of steel enterprises in the first quarter, there is too much difference. Unit has three main line, a Hebei iron and steel with a higher margin of safety (000709), LF (600,019); the second is performance in line with expectations of high profit variety such as Chang Bao shares (002478) and Jiuli (002318)Gaona, steel research (300,034), third, performance exceeded expectations fangda special steel (600,507). 　　Risk: steel prices fell again, profit deterioration of systemic risk. Body source: great wall securities