Iron ore market report for Sep 2013
2013-10-18 13:33:39 【Print】
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1 Financial review
The final value of HSBC PMI of China’s manufacturing industry was 50.2% in September and was expected to equal the initial value of 51 . 2% which peaked in the past six months . The data indicated steady economic growth and declined possibility of the government issuing some stimulus . Finance in domestic market in Q4 tightened and words of banks suspending house loan came out from many regions before the National Day . Downstream industries resuming operation and pressures on steel mills from payment collection hindered steel prices’ recovery . The financial situation was expected to improve in October within limited range.
The final value of HSBC PMI of China’s manufacturing industry was 50.2% in September and was expected to equal the initial value of 51 . 2% which peaked in the past six months . The data indicated steady economic growth and declined possibility of the government issuing some stimulus . Finance in domestic market in Q4 tightened and words of banks suspending house loan came out from many regions before the National Day . Downstream industries resuming operation and pressures on steel mills from payment collection hindered steel prices’ recovery . The financial situation was expected to improve in October within limited range.