304 stainless steel belt prices are still vulnerable consolidation pattern - hard to change Tianjin stainless steel co. , LTD

Opening today, 304 stainless steel belt is given priority to with steady price. Thread in early trading, futures trend high open walked over, form a good support to the spot market. And after nearly three weeks after the continuous falling market, the market price is relatively low, so businessmen's price will increase, apply flexible sales. At the same time, the overall social inventory continues to fall, also supply to the market pressure eased, as of May 23, 29 key cities in China construction steel social inventory is about 839. 630000 tons, than the same period last week 23. 230000 tons by 2. 69% than the same period last month, 8. 65%, and 15 lower than the same period last year. 58%. But now the overall downstream demand is still weak, the market clinch a deal is also difficult to see obvious improvement. Afternoon, tangshan billet prices edged up 10 yuan, the spot market to boost again. The price of long-short coexist, and two limited, therefore the domestic construction steel market or tomorrow is expected to intraday sideways. While facing the current domestic hong kong-listed fundamentals remain weak, but in steel prices have fallen to historic lows, under the condition of market risk is gradually released, the space is quite limited, steel prices continue to fall with the previous policies effect appeared gradually, and micro stimulus policies continue to overweight, domestic steel prices are expected to gradually stop falling and slight rebound. The main constraints for the hong kong-listed, from the aspects of funds, regardless of the multiple agencies has repeatedly stressed out the target volume capacity, 2014 market reduction operations have been carried out gradually, but the present finances tighter as the iron and steel industry 'reservoir' blood transfusion function among fracture, it is difficult to activate the middle channel, 304 stainless steel with straight for the existing disadvantages of the above is also increasingly prominent with the decline in demand for manufacturing, at the same time, the superposition of a reduction in the international market liquidity, become the capital of the high concentration of iron and steel industry is difficult to walk out of the mire of the most important factor. If the macro monetary policy does not appear some loose signal, then enter the tax paid in June and regulatory assessment problems such as bank of years will again put pressure on this credit tightening of the iron and steel industry, the overall price of poor performance or difficult to appear decent twist. End of may, therefore, in the short term, the market or to stabilize wait-and-see is given priority to, part or ground up now. June, but prices remained under pressure. Rebar and hot rolled plate were obvious rebound, the recent weakness of the spot market have obvious support, business mentality is slightly better, basic resources according to the market and sales situation be adjusted slightly. Multiple agencies may CPI growth is expected to rebound year-on-year to 2. About 4%, inflation expectations remain, short-term government or will maintain a tight monetary policy. The cost of material aspects: billet market prices rose slightly, the cost of raw materials it should be a rebound, it will form a strong support to the spot steel market. Steel mills: PuYang, Wen Feng mills still lock to a temporary stability, enthusiasm is not high, but traders order leaving prices stabilize rebound remains under pressure. Since the weekend, the market demand basic remain stable, but due to the stimulation of market does not have evident in the news release, the downstream market purchasing activity is not high, the overall market clinch a deal is still weak. Recently, around the steel mills will still be the main production power concentrated in the firm, straight for high-end products, such as resource on the weaker to market, manganese plate, combined with the merchants and no warehouse, market inventory to maintain low level. Comprehensive resource to liquidate speed and current situation of supply and demand, the market at present is expected in the short term price of 304 stainless steel with disadvantaged consolidation pattern is still difficult to change.