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Starting from January 2016, the National Development and Reform Commission Price Monitoring Center and Zhuochuang Information will formally jointly release six indexes, including the mid-price steel product sales price expectation index. This not only has important guiding significance for China's steel industry, but also means that the application of “Zhuochuang Commodity Index” has risen to a new level. 国家发改委价格监测中心官方网站发布《中价钢材销售价格预期指数上线运行》通知 [Details] The official website of the Price Monitoring Center of the National Development and Reform Commission released the "Medium-priced steel sales price expectation index goes online" notice

The six indexes released this time include the expected price index of steel sales, the expected price index of steel purchase prices, and the expected sales volume of steel ... [Detail]

Zheng Liwei, director of the National Development and Reform Commission Price Monitoring Center, directs work at Zhuochuang Information

Since the trial operation in July 2015, the medium-price steel sales price expectation index can scientifically predict the future trend and market of the steel industry ... [Details]

The official website of the NDRC Price Monitoring Center
Changes in the expected price index of sales prices of medium-priced steel since August 2015
Index interpretation:
Market expects steel prices to weaken in December
According to the survey of the national important steel wholesale market, the sales price expectation index and purchase price expectation index of the steel wholesale market in December were 33.3% and 35.1%, up 6.3 and 3.4 percentage points from the previous month, but still significantly lower than 50%. The dividing line reflects that the market is not optimistic about the trend of steel prices in December. The December steel wholesale market sales index and inventory expectation index are 34.2% and 61.4%, respectively. The 50% division line is below and below the dividing line, reflecting that all parties expect that the steel demand will decline seasonally in December, and inventory may rise slightly. . In December, the expected sales index and sales profit index of the steel wholesale market were 43.4% and 33.3%, respectively, which were 2.5 and 3.4 percentage points lower than the previous month, indicating that although the purchase cost may decrease, Expectations are pessimistic, with dealers seeing lower sales profits.

中价钢材销售价格预期指数是由国家发展改革委价格监测中心根据全国重要钢材批发市场每月一次的价格预期调查结果编制的指数。 Note: The medium-price steel product sales price expectation index is an index compiled by the National Development and Reform Commission's Price Monitoring Center based on the monthly price expectation survey results of important national steel wholesale markets. In addition, according to the survey results, five auxiliary indexes such as the steel purchase price expected index, steel sales expected index, steel inventory expected index, steel unit cost of sales expected index, and steel sales profit margin expected index are also compiled.