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304 stainless steel belt adjust weak - recently Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
As the international iron and steel demand has fallen dramatically, especially in China's steel demand growth slowing global market war has just begun, the real fun starts.
The actual needs of the downstream steel industry also in the fall, after the weakening of steel used by climate factors;
December manufacturing industry to accelerate the weakness, HSBC's initial value a new low seven months, this also fell back from the recent 304 stainless steel market prices across the board.
So the whole steel downstream demand has little to expect.
Middlemen, meanwhile, is still no had winter operation, even though some said before the Spring Festival will bottom up goods, but also on the sidelines steel prices downward trend, in the short term is expected to bottom up goods demand will also be with a sieve.
More active price cut to speed up delivery, late market is expected to supply pressure will also rebounded significantly.
data also show that the recent iron ore port stocks rebounded more than one million tons, and steel mills concentrated inventory period end, lack of raw material market rebound reason; Combined with steel mills in the latest issue of pricing continue cut-rate markets, suggests that having the agent policy implemented by the end of the natural maintenance task will fall to depress cost aspect of profit. This week is expected to market and losses, cost support is insufficient. Whole, as the temperature gradually cold, limited demand release, clinch a deal is difficult to improve, at the same time under the influence of weakening in the peripheral market, merchants mentality weak, local market price stability in the short term. To a certain extent helped the market price, the temperature cooling, however, the downstream demand release, actual transaction did not improve, so prices pull co. , LTD. Under the condition of short term demand continues to weaken, and insufficient market resources and costs, the local market price rise and fall, is expected in the near future to continue to run steady. Companies market shipments, strong wait-and-see mood. In early trading in the futures market, weak run continuously. Although the futures market underperformance, local manufacturers cut prices merchants did not initiate. Most businesses believe that the current market demand oriented, without improvement in demand, continue to lower the price of shipping also is not too big, so the temporary stabilization mainly wait-and-see attitude. At present Beijing construction steel market inventory increased to 290000 tons, 3 increase from last week. 150000 tons, while sales this month period shorten, stores selling pressure. The arrival of the goods is more small rebar resources on the market, prices to decline. Under the condition of the sales pressure, recent 304 stainless steel belt adjust vulnerable to give priority to. As winter market characteristics, positive boost disappeared, last week, the domestic spot steel prices decline further decline, mainly appeared in the construction steel, although the price is relatively stable, but also to succumb to the drag of the off-season weak, prices have to fall. To this end, the spot market steel prices officially enter the off-season mode. Ask, how long will last? For now it is difficult to not sure, but, should not very short. Comprehensive view: the north demand slow down, steel down speed increased the supply pressure; Costs fell sharply, and pressure at the end of bad mood, will also increase the market pricing and steel mills significantly to the market on tilt, but is good that interest rate cuts, the steel price trend this week is expected to exist larger fluctuation, week futures now steel price rebound probability is bigger, the second half of the week to return to the consolidation trend. Steel production is limited, the off-season supply pressure remained. Although the end demand weakened, but the upstream steel mills cut production is still not obvious, the domestic steel mills starts in town of tangshan area still as high as 94. Dropped 5%, only slightly from October; In the vast majority of steel mills profit surface is still a good case, steel production enthusiasm is on the high side. Especially the 304 stainless steel with a serious shortage of resources, major related to steel plant is full capacity, so the spot market low inventory phenomenon difficult last, off-season supply pressure remained.
data also show that the recent iron ore port stocks rebounded more than one million tons, and steel mills concentrated inventory period end, lack of raw material market rebound reason; Combined with steel mills in the latest issue of pricing continue cut-rate markets, suggests that having the agent policy implemented by the end of the natural maintenance task will fall to depress cost aspect of profit. This week is expected to market and losses, cost support is insufficient. Whole, as the temperature gradually cold, limited demand release, clinch a deal is difficult to improve, at the same time under the influence of weakening in the peripheral market, merchants mentality weak, local market price stability in the short term. To a certain extent helped the market price, the temperature cooling, however, the downstream demand release, actual transaction did not improve, so prices pull co. , LTD. Under the condition of short term demand continues to weaken, and insufficient market resources and costs, the local market price rise and fall, is expected in the near future to continue to run steady. Companies market shipments, strong wait-and-see mood. In early trading in the futures market, weak run continuously. Although the futures market underperformance, local manufacturers cut prices merchants did not initiate. Most businesses believe that the current market demand oriented, without improvement in demand, continue to lower the price of shipping also is not too big, so the temporary stabilization mainly wait-and-see attitude. At present Beijing construction steel market inventory increased to 290000 tons, 3 increase from last week. 150000 tons, while sales this month period shorten, stores selling pressure. The arrival of the goods is more small rebar resources on the market, prices to decline. Under the condition of the sales pressure, recent 304 stainless steel belt adjust vulnerable to give priority to. As winter market characteristics, positive boost disappeared, last week, the domestic spot steel prices decline further decline, mainly appeared in the construction steel, although the price is relatively stable, but also to succumb to the drag of the off-season weak, prices have to fall. To this end, the spot market steel prices officially enter the off-season mode. Ask, how long will last? For now it is difficult to not sure, but, should not very short. Comprehensive view: the north demand slow down, steel down speed increased the supply pressure; Costs fell sharply, and pressure at the end of bad mood, will also increase the market pricing and steel mills significantly to the market on tilt, but is good that interest rate cuts, the steel price trend this week is expected to exist larger fluctuation, week futures now steel price rebound probability is bigger, the second half of the week to return to the consolidation trend. Steel production is limited, the off-season supply pressure remained. Although the end demand weakened, but the upstream steel mills cut production is still not obvious, the domestic steel mills starts in town of tangshan area still as high as 94. Dropped 5%, only slightly from October; In the vast majority of steel mills profit surface is still a good case, steel production enthusiasm is on the high side. Especially the 304 stainless steel with a serious shortage of resources, major related to steel plant is full capacity, so the spot market low inventory phenomenon difficult last, off-season supply pressure remained.
