中国政府本周一发布了最新的贸易数据，结果不如人意，也预示着中国的需求疲软较预期更甚。消息传出后，大连商品交易所（Dalian Commodity Exchange）的钢材和铁矿石价格开始大幅下跌。
这也导致了采矿设备制造商久益环球（Joy Global）的股价在周一的交易日大跌18%。建筑设备制造商卡特彼勒（Caterpillar）的股价也下跌了3.5%。AK钢铁（AK Steel）和美国钢铁（U.S. Steel）分别下跌了14%。卡特彼勒和久益环球在2015年曾经受到过中国经济减速的影响，当时中国的数据显示，钢铁供过于求的情况还将持续下去。
与此同时，据说费利浦•麦克莫兰铜金公司（Freeport-McMoRan）打算把在刚果共和国Tenke Fungurume铜矿的价值26.5亿美元的股份卖给中国的洛阳栾川钼业公司（China Molybdenum）。消息传出后，费利浦•麦克莫兰铜金公司的股价下跌了近11%。
世界钢铁协会（World Steel Association）在2015年的报告中写道：“事实表明，钢铁行业正在进入一段停滞期。但是中国之外的市场还会诞生新的需求，钢铁行业未来毫无疑问将会出现反弹。”（财富中文网）
On Monday, several U.S. stocks were hammered after China released disappointing trade figures suggesting that Chinese demand was weakening more than expected. Shares of steel and iron ore were down sharply on the Dalian Commodity Exchange.
That pushed shares of mining equipment manufacturer Joy Global JOY 5.80% down 18% in trading Monday, while construction equipment maker Caterpillar CAT 2.44% also fell 3.5%. AK Steel AKS 3.39% shed 14% while U.S. Steel X 2.34% fell 14%. Both Caterpillar and Joy Global were hit by the China slowdown in 2015, while the data from China also suggested a continued glut in steel supply.
China reported that in April, imports had slumped 10.9% from a year earlier, but analysts had been expecting 5%. The weak economic data continued to fuel concerns that the second largest economy in the world would show weaker than expected demand in the future, especially as the country transitioned from a manufacturing-based economy to a services focused one. After all, in 2014, China accounted for a whopping 46% of demand for steel as the country embarked on large construction projects.
“The sharpness of the slowdown may still raise some questions as to the underlying pace of recovery in domestic demand,” HSBC analysts wrote. “There have been some anecdotal reports that property sales volumes have slowed following the introduction of macro-prudential tightening in end-March.”
Iron ore futures fell 5.9% while steel fell 6% in China, making it the steepest drop since 2009.
The Dalian Commodity Exchange in China also decided to extend measures to cap speculative trading in an effort to dampen a potential bubble—which also contributed to the sell off in iron ore and steel, according to Reuters.
The Dalian Commodity Exchange fell 5.6% Monday, following a rally last month that stimulus and reforms from the Chinese government could drive up demand. But now, investors aren’t so sure that China’s economy has hit rock bottom.
Meanwhile, shares of Freeport-McMoRan have dropped nearly 11% following news that it would sell its $2.65 billion stake in the Tenke Fungurume copper mine in the Democratic Republican of Congo to Chinese company China Molybdenum.
“The evidence is that the steel industry is now entering a period of pause before undoubtedly picking up again when markets other than China drive new demand,” wrote the World Steel Association in a 2015 report.