304 stainless steel belt continue to fall Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
304 stainless steel belt continue to fall, domestic market clinch a deal the doldrums, vendor unstable state of mind, very cautiously.
Although recently the domestic most of the market supply of billet is not big, but the end demand is limited, and most of the downstream user bearish market outlook, not a large number of purchasing, so the whole market is very thin.
Steel mills, the current funding pressure slants big, especially some small and medium-sized private steel mills, severe money problems.
Futures market performance is poorer, the main contract record low, that makes the industry more panic.
From the current situation, short-term hard to boost market confidence, in the case of a shortage of funds, the shape of the billet prices will continue to carry a small decline in.
Now the mainstream steel plant coke inventories remain high and suppress coke carried, coke price support is insufficient.
The local coking plant construction in good condition, basic stocks are low.
Considering the overall weak steel market, traders funds generally tight, crude steel output high, no better, and demand the late coke prices will remain weak stabilized.
Domestic ore market overall weak, the domestic market price is lower in all the main regions.
Affected by the timber market fall in north China, the section steel mill of tangshan region cut in iron ore procurement prices, release the pressure on the local iron ore market, market price is falling, the overall deal is quite difficult, ore dressing plant sale phenomenon.
Clinch a deal, xing area market more vulnerable, add a slump.
Two weak northeast market supply and demand, as the steel procurement price cut, 304 stainless steel belt to low.
In east China market weak, weeks individual big ore price again, that makes the market atmosphere quite pessimistic, together with the impact of the imported ore market, shandong and other regions market operation difficult.
billet last week, the north China market weakness, dominate the city of tangshan billet price decline, and prices after the market is still light. Week one screw rebound, billet and the market resources, steel mill's price will is stronger, so it is a tentative billet prices pull up prices. However rebound phase of the screw is just a flash in the pan, since Tuesday, screw began to fell, record low. Spot market is also very depressed, steel billet, finished product material delivery, combined with the majority of steel pressure obviously, vendors about future lack of confidence, thus billet prices fall again. Back under the lead of turmoil in tangshan steel billet has been falling, and wuan region for section steel production is not normal, billet resources is not much, so manufacturers offer a strong, but very few. According to understand, although the former tangshan billet continuous decline over the weekend, but fortunately, last week's issue of the spiral market performance is good, so the majority of steel mills in jiangsu hang billet prices steady, wait-and-see market dynamics. Later period screw market record low, making the local steel mills mentality change, and some small and medium-sized manufacturers money tight, in order to raise cash, to reduce the price goods, resulting in 304 stainless steel with mainstream prices started to slide.
billet last week, the north China market weakness, dominate the city of tangshan billet price decline, and prices after the market is still light. Week one screw rebound, billet and the market resources, steel mill's price will is stronger, so it is a tentative billet prices pull up prices. However rebound phase of the screw is just a flash in the pan, since Tuesday, screw began to fell, record low. Spot market is also very depressed, steel billet, finished product material delivery, combined with the majority of steel pressure obviously, vendors about future lack of confidence, thus billet prices fall again. Back under the lead of turmoil in tangshan steel billet has been falling, and wuan region for section steel production is not normal, billet resources is not much, so manufacturers offer a strong, but very few. According to understand, although the former tangshan billet continuous decline over the weekend, but fortunately, last week's issue of the spiral market performance is good, so the majority of steel mills in jiangsu hang billet prices steady, wait-and-see market dynamics. Later period screw market record low, making the local steel mills mentality change, and some small and medium-sized manufacturers money tight, in order to raise cash, to reduce the price goods, resulting in 304 stainless steel with mainstream prices started to slide.
