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304 stainless steel belt fall will be narrowed Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-05
This week 304 stainless steel belt for vulnerable parts and losses are becoming ever more obvious, and the overall situation of trading remains weak.
Appear on the market at present is still no real good, before the downstream demand has no obvious peatlands, medium plate market present situation is very difficult to change, is expected next week still disadvantaged consolidation.
Hot coil weak nationwide, with Shanghai, tianjin, dropped from major cities such as chaos, businessman shipment will increase, but the downstream overall demand is still weak, poor trading, and maintain flat steel new ex-factory price, also shows that the steel mills to afternoon watching is given priority to, the recent raw material market is still weak downward, one billet prices fell down again, cause lack of confidence in the market, and steel mills also corresponding to reduce the cost of support, no obvious positive boost, plus the afternoon temporarily uncertain demand, market outlook is expected to steel mills weak policy stability.
Confidence in the market, bearish sentiment is strong, price, delivery in succession 70 - mainstream price drop
170 yuan, 304 stainless steel belt downstream buyers and therefore more cautious, wait-and-see mainly;
Is also a decline in east China, south China difficult to check, cause increased market resources and the reduction in cost of support, prices fell 50 -
200 yuan.
From the point of the situation, steel off-season downstream demand more and more weak, clinch a deal the overall performance, coupled with the weakness of the raw material prices decline, lower production costs, parts and inventory pressure increases, these all make traders to afternoon bearish views, give priority to in order to fast forward quickly on the operation, and now the whole market pessimism has continued to spread, the plate and we expect a medium plate is still weak consolidation next week.
steel mills cut trend exaggerated the new price policy, in the face of the price movements of the market now, large leading steel plant of wisco, baosteel takes the lead in flat prices to stabilize the market, but the other steel mills in the case of a larger profits space is still just 304 stainless steel prices continue to sharply cut, this is understandable considering from steel mills' condition, on the one hand because of billet prices slashed again this week, this makes the Yin fell more than the market price of medium plate, section steel mill in order to avoid risk, can only cut ex-factory price; On the other hand, because the downstream demand is still weak hard to change, whether it is steel inventories or social inventories are increasing, the plate steel mills to reduce inventory pressure, but also can take the price. But it is near the Spring Festival, most steel mills would enter the next maintenance practices, and traders not had winter this year, plus history's most severe environmental law implementation, the local governments regulation tend to be more strictly, there is also a part of the small and medium-sized steel mills for passive leak, late inventory pressure could be reduced, and therefore is expected next week steel factory new price is more stable, weak individual, about 50 yuan/ton. At present, both in steel mills and the market price for fall, and the contradiction of supply on the market more outstanding, steel mills to a fairly large inventory pressure. Although terminal downstream face increasing investment power, and from the government policy direction is promotes the development of late, but now there is still no real good to save the market situation of Yin fell more than the price of raw materials has not gained no obvious capacity before stabilization and downstream demand, market situation also difficult to change, so next week is expected to market is still weak, but 304 stainless steel belt fall will be narrowed, 50 yuan/tons.
steel mills cut trend exaggerated the new price policy, in the face of the price movements of the market now, large leading steel plant of wisco, baosteel takes the lead in flat prices to stabilize the market, but the other steel mills in the case of a larger profits space is still just 304 stainless steel prices continue to sharply cut, this is understandable considering from steel mills' condition, on the one hand because of billet prices slashed again this week, this makes the Yin fell more than the market price of medium plate, section steel mill in order to avoid risk, can only cut ex-factory price; On the other hand, because the downstream demand is still weak hard to change, whether it is steel inventories or social inventories are increasing, the plate steel mills to reduce inventory pressure, but also can take the price. But it is near the Spring Festival, most steel mills would enter the next maintenance practices, and traders not had winter this year, plus history's most severe environmental law implementation, the local governments regulation tend to be more strictly, there is also a part of the small and medium-sized steel mills for passive leak, late inventory pressure could be reduced, and therefore is expected next week steel factory new price is more stable, weak individual, about 50 yuan/ton. At present, both in steel mills and the market price for fall, and the contradiction of supply on the market more outstanding, steel mills to a fairly large inventory pressure. Although terminal downstream face increasing investment power, and from the government policy direction is promotes the development of late, but now there is still no real good to save the market situation of Yin fell more than the price of raw materials has not gained no obvious capacity before stabilization and downstream demand, market situation also difficult to change, so next week is expected to market is still weak, but 304 stainless steel belt fall will be narrowed, 50 yuan/tons.
