Relationship between supply and demand for Chinese steel market.

Chinese steel market changes a lot in 2017. 

1. Since Nov, rebar keeps going and is tend to reach history record. According to market data, supply and demand relationship for rebar is changing a lot. One reason is that infrastructural construction is increasing. The other is that rebar stock is decreasing. So demand is more and supply is less, so price will keep increasing. 

2. According to global marketing data, overall global mineral exploration marketing is bottoming out. The recession of global mineral exploration has created a positive environment for our mining industry. 

3. In Chinese market, all kinds of staple products are increasing, steel products, coal, non-ferrous metals, glasses, concrete, etc, has been hit a record recently. 

4. Steel product production capacity in middle east and south east Asia is going up. According data from OECD, in middle east and south east Asia, more and more factories are equipped with steel pipe manufacturing facilities. So for next few years, steel production capacity will increasing a lot. OECD hold the view that in 2019, global steel pipe production capacity will increasing about 400 million tons. 

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