Steel scrap market report September 2011
2011-11-28 15:13:36 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Financial and economic analysis
Financial and economic analysis expected that CPI would keep at 6.0-6.2% or decreased slightly by 0.1-0.2% compared with that of August in September and that the figure was unlikely to rebound. Considering the traditional data, the month-on-month growth of CPI in September increased and the growth was likely to rise further in October. However, there was no great pressure from non-food prices in bulk commodities market, which depended on GDP growth of US. The current situation was similar to that in 2008 as there was limit space for bulk commodities prices to rise due to the dim economy in US. Hence, the month-on-month growth of non-food was expected to be about 0.5% and the year-on-year growth to be about 3.2%.
Financial and economic analysis expected that CPI would keep at 6.0-6.2% or decreased slightly by 0.1-0.2% compared with that of August in September and that the figure was unlikely to rebound. Considering the traditional data, the month-on-month growth of CPI in September increased and the growth was likely to rise further in October. However, there was no great pressure from non-food prices in bulk commodities market, which depended on GDP growth of US. The current situation was similar to that in 2008 as there was limit space for bulk commodities prices to rise due to the dim economy in US. Hence, the month-on-month growth of non-food was expected to be about 0.5% and the year-on-year growth to be about 3.2%.
