Inventory to cover the leadership, recovery and resonance

China economy situation establishment has become a consensus and investment Banks, ASTM A106 Fluid Steel Tube many institutions raised its full-year forecast Chinese economy, and argues that the year 7.5% growth target will be implemented. And recovery is the main reason of the policy fine-tuning after driven stock to cover demand picks up, and superposition of the part of the improvement of external demand.

According to the mechanism research, inventory of raw material industry in the middle of June to August this time period, schedule 40 hot dipped galvanized steel pipe the different levels of inventory decline (excluding the influence of the seasonal effect), some industry inventory even at very low levels. In addition to the coal industry there is an obvious reduction, inventory to other industry is done in the condition of high yield, which means that the demand in the short term rebounded. In the upstream industry, iron ore port stocks 20%, lower than the same period in 2011 and 2012, with the same period in 2010. China's crude oil inventory days reached the lowest point in four years, inventory absolute level is lower than the same period in 2010-2012. According to past experience, crude oil and iron ore in June to August in the off-season will be rise in inventories, but this year the stock fell. In addition, coal port inventory and inventory and copper exchange history indeed over the same period last year is still in the high level, but the sequential decline more than normal seasonal effect.

Essence securities believes that shanwen,asme b16.28 short radius elbow 45 degree chief economist at high inventory adjustment led the economic recovery. In the process of this round of economic recovery, the domestic demand and foreign demand for cooperation. Cement output stable growth, real estate development investment and infrastructure investment high consolidation of fatigue, suggested that does not appear significant expansion of investment in fixed assets, in addition to the economy stabilises rebound marginal supported by exports improved, at the domestic level mainly from inventory adjustment and the influence of the weather. Behind the inventory adjustment and export synchronous improvement, July policy bias adjustment by the central government and related parties expected to reverse.

In citic construction point of view, bridge building ASTM welded steel pipe the continuation of a wave of rebound is rebound pattern since September last year, from perspective of cycle operation, will be the second Lord rose inventory cycle, high price far from coming.China's economic prospects improve cause many organs raised economic growth forecasts for China. Deutsche bank, for example, will be in China in the third quarter and fourth quarter growth is expected to 7.9% and 7.9%. Ubs securities China's macro team will be in China in the third quarter and this year's GDP growth forecast to 7.7% and 7.6%.