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304 stainless steel belt is expected to continue this stalemate situation - neither dead nor alive Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-08
Steel prices gradually last week there were signs of stabilizing, but 304 stainless steel belt has not improved;
Coming June economic data released this week, more than expected, and east China, the south will be gradually out of the rainy season, so steel prices and how to run?
The author thinks that, good in the long term and short term it is limited in real demand, steel prices will continue and movements of the tangle of dilemma, there would be no obvious change.
Last week, the domestic steel prices overall stabilisation, part of a slight rise and fall, the market feedback to clinch a deal is weak;
Part of the business with the aid of positive factors, trying to pull up the price after shipment at a lower price, but it generally.
End demand is still insufficient funds, climate, construction practical factors such as limit, purchase intention is not strong, continue to wait-and-see attitude, but spot business at this time, also do not have the price idea, consolidation is a major operating stability.
Adjustment, steel price stability in the narrow down the space is insufficient, tentative rebound also suffered a transaction block;
Demand, there is no improvement after the beginning of July, the end demand picks up, poor overall shipments in resolutely resist the steel price tentatively to recover.
steel for the strong to the weak pattern will continue, steel prices rebound. Although out-of-season, steel mills in profit driven, continue to increase production, crude steel production in mid-june key steel mills to an all-time high, sustained pressure potential supply; But 304 stainless steel with fair share pressure, and the agent for money is tight and higher risk aversion and maintain light inventory spot hong kong-listed resources are limited, there is a phenomenon of specifications discontinuity, shortage of resources, to a certain extent, support steel prices. But the downstream demand side still did not see improvement, according to manufacturing new orders index fell back to the future production activity decreased, while the plum rainy season continues, continue to limit outdoor the construction progress of the project, the operation of the terminal on-demand procurement mode makes the spot market is relatively flat, cannot alter the pattern male period. Comprehensive view:
steel prices in the current position is very embarrassed, prices fell to now is difficult to break, at the bottom of the continued downward reluctant; Overweight and steady growth, the economic environment improvement, and cost recovery period steel rebound to volley support steel prices have become increasingly obvious, and has reached the bottom of the down is down. But is also difficult to rebound, spot market trading atmosphere of light display terminal demand remains no change; Downstream of procurement attitude larger limit the cautious businessman's guts. Did not see a sharp rebound in cost, and the absence of fundamental improvement of terminal demand, 304 stainless steel belt is expected to continue this stalemate has neither dead nor alive.
steel for the strong to the weak pattern will continue, steel prices rebound. Although out-of-season, steel mills in profit driven, continue to increase production, crude steel production in mid-june key steel mills to an all-time high, sustained pressure potential supply; But 304 stainless steel with fair share pressure, and the agent for money is tight and higher risk aversion and maintain light inventory spot hong kong-listed resources are limited, there is a phenomenon of specifications discontinuity, shortage of resources, to a certain extent, support steel prices. But the downstream demand side still did not see improvement, according to manufacturing new orders index fell back to the future production activity decreased, while the plum rainy season continues, continue to limit outdoor the construction progress of the project, the operation of the terminal on-demand procurement mode makes the spot market is relatively flat, cannot alter the pattern male period. Comprehensive view:
steel prices in the current position is very embarrassed, prices fell to now is difficult to break, at the bottom of the continued downward reluctant; Overweight and steady growth, the economic environment improvement, and cost recovery period steel rebound to volley support steel prices have become increasingly obvious, and has reached the bottom of the down is down. But is also difficult to rebound, spot market trading atmosphere of light display terminal demand remains no change; Downstream of procurement attitude larger limit the cautious businessman's guts. Did not see a sharp rebound in cost, and the absence of fundamental improvement of terminal demand, 304 stainless steel belt is expected to continue this stalemate has neither dead nor alive.
