Macroeconomic uncertainty has been a deterrent to rising prices for ductile iron manhole covers
The macroeconomic uncertainty is significant, which has aggravated the long and short differences in the market. It is expected that the uncertainty will continue in the next stage and will even increase. The macroeconomic uncertainty in the future is mainly reflected in the following aspects: The prospect of the Sino-US trade war is unpredictable and becomes a large uncertainty. Because of the capriciousness of the Trump administration in the United States, which was the first to open fire, the Sino-U.S. Trade war began to turn to real guns. If it is upgraded to "heavy artillery bombardment" in the future, it will inevitably lead to chaos in the global industrial chain. If it is not done well, the world economy will fall into recession and demand will fall sharply. This will form a big negative for the steel market, become a major inhibitory factor for the rise in the prices of ductile iron manhole covers, and become a "lethal weapon" for the current short steel market.
On the other hand, the dangerous prospects and tragic consequences of the Sino-U.S. Trade war will also make both sides of the trade war exercise restraint, and think twice before proceeding, especially the comprehensive loss of the United States may be greater. In the current stage of the global industrial chain division of labor system, the United States and other western developed countries are at the high end of the value chain, relying on technological advantages and high value-added products to obtain most of the profits; and China, as a "wage earner" in the world's factories, is more profitable Take a meager salary.
Crack down on China's merchandise exports, and even more injured are multinational companies in the United States and other Western countries, and these multinational companies' exports to the United States are being hit. And because of the lack of institutional advantages, the "pain-tolerant time" in the United States is not sustainable, which does not rule out the possibility of returning to negotiations with China after Trump's unsuccessful blackmail. All this constitutes the uncertainty of the prospect of the Sino-US trade war.