304 stainless steel belt may end demand in the third quarter - some substantial improvement Tianjin stainless steel co. , LTD
by:Hongmei
2020-09-08
304 stainless steel with the market mentality preference, but due to the current downstream demand is still not obvious, rare market purchase enthusiasm generally is not high, the market volume is relatively light, therefore, weak market prices, coupled with the xi 'an disadvantaged consolidation in the price of stainless steel tube, the majority of traders on the market outlook is still relatively pessimistic.
In addition, under the support of low inventory at present, xi 'an, stainless steel pipe prices overall performance to strong, but also hit the market clinch a deal the effect of low and high shipment under siege, traders operating on slant generally cautious, wait-and-see psychology is still relatively strong, the local market price, and the shortage of resources circumstance timely adjust, change frequency is higher.
And this month, because the upstream raw material market prices, processing costs increase and increase resources shortage reason such as shipping, xi 'an Angle steel prices spiked in the market.
Together the downstream demand is still in the accelerated release, however, as the steel prices rebounded, terminal purchasing wait-and-see attitude, coupled with the recent period of high screw turn down, so the recent overall demand cautious, and another aspect is the upstream steel supply increase quickly, and steel mills profit increase cash requirements clearly, 304 stainless steel band resources will increase and the end of the month come to the city, the city of xi 'an Angle has drained a demand, is expected to have short-term xian Angle steel prices continue to decline may, feedback from the mills, nowadays many areas for iron and steel enterprises strengthen the regulation and eliminate backward production capacity, environmental protection, especially the impact on a group of small and medium-sized iron and steel enterprises is bigger, a lot of environmental standards or not have backward production line of small steel mills have closed, xi 'an channel steel production slowed.
In the Shanghai area of the steel trade and business in the past to jiangyin regions such as the pick, because a small amount of xi 'an channel steel mills production more, steel trade, with the convenient, now already can't take the arrival of the goods, small steel plant closed.
Even on a larger scale mills, also face the pressure of environmental regulation, the increase in the number of environmental protection in steel mills, cost increase, reducing productivity.
Countries continue to intensify the construction of affordable housing, this will make up for the part of the investment in a certain extent the impact of the decline.
After the traditional consumption off-season, 304 stainless steel belt may end demand in the third quarter, some substantial improvement will alleviate the contradiction between supply and demand of the current hong kong-listed.
The recent market began to focus on the consumption is expected to fall.