Category: Money tips Release Date: 2007-05-11
â—?Petroleum and Chemical: international oil prices, the main petrochemical products spreads fell in September average price of WTI crude oil 65.52 U.S. dollars / barrel, compared with the end of August high of 70 U.S. dollars decreased by 6.4%. In the northern hemisphere seasonal demand of crude oil fell, IEA to release strategic oil reserves is the main reason for drop in oil prices. September poor at home and abroad continue to expand refined oil prices, while domestic refinery losses due to falling crude oil prices decreased. Major petrochemical products prices continue to slightly higher interest rate because of the rise in naphtha prices declined slightly, urea prices continued to fall.
â—?Iron and steel: long products, plate prices falling in September both long products, plate prices were both down. Long products, plate, hot-rolled sheet, cold-rolled sheet prices showed a decrease of 4%, 5.18%, 0.59% and 1.11%. Capacity for sustained-release and downstream industry demand slowdown in the domestic steel prices decrease. International steel prices in the producers continued to cut and "Katrina" hurricane rebuilding is expected to support a rebound to 23.6%. Price of iron ore imports in August fell 21%, sea freight is an important reason for decline.
â—?Coal: the short-term stabilization of domestic coal prices, the international coal prices continued to decline in September, Qinhuangdao coal prices to the termination of the major downward trend was maintained at the level of the end of August. Consolidation by domestic coal mine production safety, triggering a large number of small coal mines closed, the formation of short-term reduction in supply, while the North Dong Chu started the procurement of coal, resulting in increase in demand. In view of the domestic supply of long-term steady growth of coal and coal consumption is expected to decline and other reasons, long-term coal prices is still facing pressure from the callback. BJ Australia coal prices in September fell 6.44%.
â—?Shipping: refined oil and crude oil rebounded sharply in September Freight Index Baltic Dry Index (BDI) index rebounded last month extension, up 15%. Freight Index and crude oil freight indices surged 48% and 37%. Hurricane on the crude oil refining capacity, as well as the impact of short-term difficult to restore the Northern Hemisphere winter is about to enter the peak oil, oil tanker transport demand will be a very strong supporting role to play.
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â—?Emphasize the "value", "growth" investment strategy of attaching equal importance to the major petrochemical products in September despite higher prices, but the spread because of the rise in naphtha prices slightly narrowed; steel prices continue downward trend; and the domestic coal prices stabilized , the rally as well as the international shipping price index rose sharply, mostly seasonal and unexpected event effects. Primary commodity price movements, shows that the cyclical slowdown in the domestic economy is still access to run. The U.S. inflation rate continues to rise, the Federal Reserve to keep raising interest rates and the employment rate remains at a relatively high level that strong economic growth and inflation rates led to weaker demand conflicts are increasing. Decline in oil prices and weaker demand for seasonal factors, factors that need to be further identified. The cyclical slowdown in domestic economic environment, we have a strong cyclical commodities continued to highlight the "value" investment strategy, focusing on the valuation levels of international comparisons, in order to circumvent the risk-based; residents to accelerate the accumulation of wealth in order to determine the effect of Advanced service-oriented consumer brand companies in the field of growth has continued, and can effectively circumvent the impact of cyclical factors, so we non-cyclical consumer goods, manufacturing and service sectors, with steady GDP growth in the infrastructure associated with a high degree of class should give prominence to "growth" investment strategy, "buy and hold."
