Steel scrap market report October 2011
2011-11-28 14:33:36 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. . Finance and economy analysis
CPI still keeps at a high level in China at present but is under controllable range generally. Growth rate of CPI in August and September decreased to 6.2% and 6.1% respectively after it increased by as high as 6.5% in July. Insiders predicted that CPI is likely to rise by 0.1% in October month on month. Considering tailraising factors decreased by 0.7% in October compared with that of September, growth rate of CPI was expected to decrease sharply by 0.6% to 5.5%. On the other hand, according to data released by State Statistics Bureau, GDP reached RMB32,069.2 billion in the first three quarters, up by 9.4% year on year. Growth rates of GDP were 9.7%, 9.5% and 9.1% respectively in Q1, Q2 and Q3 this year. From CPI data in earlier period, protracted natures appeared gradually in structure transformation period and cost increase of raw materials, labor, as well as resource. Adding that RMB appreciated and international capital flooded in, China was likely to bear great pressure from high inflation in a short time.
CPI still keeps at a high level in China at present but is under controllable range generally. Growth rate of CPI in August and September decreased to 6.2% and 6.1% respectively after it increased by as high as 6.5% in July. Insiders predicted that CPI is likely to rise by 0.1% in October month on month. Considering tailraising factors decreased by 0.7% in October compared with that of September, growth rate of CPI was expected to decrease sharply by 0.6% to 5.5%. On the other hand, according to data released by State Statistics Bureau, GDP reached RMB32,069.2 billion in the first three quarters, up by 9.4% year on year. Growth rates of GDP were 9.7%, 9.5% and 9.1% respectively in Q1, Q2 and Q3 this year. From CPI data in earlier period, protracted natures appeared gradually in structure transformation period and cost increase of raw materials, labor, as well as resource. Adding that RMB appreciated and international capital flooded in, China was likely to bear great pressure from high inflation in a short time.
