2009年11月中国基本金属行业研究报告

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【出版时间及名称】：2009年11月中国基本金属行业研究报告
        【作者】：瑞士信贷
        【文件格式】：PDF
        【页数】：31
        【目录或简介】：

Channel checks on demand. The feedback from producers as of mid
November suggests that: 1) for the downstream sectors, the inventory of
finished goods remained mostly normal; 2) end-user demand for basic
materials in October was slightly better than producers’ expectations. The
MoM trend for forward order books of finished goods is mixed, and the
percentage of respondents who see a sequential improvement fell from 55%
for October to 30% for November; 3) material demand is showing signs of
improvement, yet mostly on a seasonal basis for cement and coal. Steel is
seeing the first recovery since June. The percentage of producers seeing
improving MoM demand is 50% for steel mills (up from 0% in October),
100% for cement producers (flat versus October) and 100% for coal
producers (up from 75% in October).
■
Steel – Production stagnant, exports picking up.
■
Coal – Seasonal strength, better balance.
■
Cement – NDRC reiterates the suspension of new projects.
■
Aluminium – Output picks up, strong demand from semi-finished products
■
Alumina – Stable pricing.
■
Copper – Imports remain strong.

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关键词：行业研究报告 研究报告 金属行业 行业研究 基本金属 中国 研究报告 行业 金属

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