8月份钢铁流通业采购经理人指数为45.6%,比上月回升4.1个百分点;10项分指数中,5项由下降转为回升,5项跌幅收窄;销售量、总订单量和采购意愿三项指数升幅居前,显示当前和后期市场出现向好迹象;但全部指数仍处于收缩区间低位,销售价格、采购成本指数为调查以来的历史最低值,融资环境、企业雇员指数跌至年内低点,表明钢铁贸易整体运营仍在下降通道中,市场尚未出现根本性转折(详见表4-1)。
近期,欧洲央行推出“无限量”新国债购买计划,加大解决主权债务危机力度,恢复欧元区稳定,欧美股市大涨;也带动了中国股市高开上涨、国内期钢反弹。国家投资发力加快稳增长,提振市场信心。
9月钢铁市场季节性因素影响基本退出,预计用钢需求将有增加;但存在减产不及预期和成本下降两大下拉力量;同时九月市场面临集中还贷时间点,钢厂降价出货,钢贸商低价、平价走货几率加大。总体看市场成交好于8月,钢价有望反弹。
一、以价换量,销售量回升,库存下降
8月销售量指数为45.6%,比上月回升4.1个百分点,是升幅最大的指标;与此同时销售价格指数为38.2%、采购成本指数38.4%连续2个月,为调查以来的历史最低值。
8月市场钢价持续下降,钢厂为降低库存调低出厂价,对钢贸商进行补差,按旬结算,也有少数钢厂不要求现款结算和延期结款,推动销量比7月有所增加,社会库存下降。8月参加调查的885家企业中销量增加和持平的企业占54.8%,比7月上升了26.8个百分点。
钢价跌速减缓,跌幅缩小。8月末钢铁综合钢价指数138.8,比7月末下跌6.3%,跌速减缓1.5个百分点;全国钢材均价3609元(吨价,下同),下跌244元,跌幅缩小84元。
市场在下行过程中,钢贸商甩货、清库规避跌价风险。8月库存指数为43.7%,下降0.3个百分点,有55%的钢贸企业减少库存,据监测数据显示,8月末社会库存1465.3万吨,比7月下降116万吨;其中,长材减少111万吨;板材减少5万吨。
二、总订单量、采购意愿指数低位回升,市场信心有所恢复
8月份预示后市走势的总订单量指数44.6%,采购意愿指数46.7%,比上月分别回升3.5和2.6个百分点,走势判断指数回升0.5个百分点,速度低于前两个指标,企业反映:把握不住市场,下跌看不到底,止跌看不到头。从调查数据看仍有51%的企业订单量下降;36%的企业将减少订货;63%的企业预计市场继续下跌。
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表4-1
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2012年4-8月钢铁流通业采购经理人(LGSC-PMI)指数
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指 标(%)
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2012-4
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2012-5
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2012-6
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2012-7-
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2012-8
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8月比7月
增减百分点
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01销售量
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49.5
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44.0
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45.2
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41.4
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45.6
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4.1
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02销售价格
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49.8
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39.2
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41.6
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38.3
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38.2
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-0.05
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03总订单量
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48.7
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基本
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