304 stainless steel belt this week - continue to tumble Tianjin stainless steel co. , LTD

304 stainless steel belt this week to continue to plunge, an indicator of tangshan fell 80 yuan/ton. Crash: the cause of the first two weeks of iron ore, steel billet, finished product material continue to sharply lower, lead to market confidence collapses, to buy or not to buy up psychological, increasingly depressed market clinch a deal, the vast majority of merchants exit the market, watching, the downstream procurement of steel billet at only meet 1 - The amount of 2 days for production. After continue to plunge, clinch a deal the positive tangshan profile yesterday and today, boost market confidence, driving stock prices edged up 10 yuan, clinch a deal the atmosphere of the stock market is better than a few days ago, but substantial demand does not improve, pessimistic expectations nor fundamental reversal occurs, so after the brief library operation, is still difficult to avoid the risk of continued to fall, is expected to drop next week 30 yuan. Cost to support the weakening and billet fell sharply, businesses are pessimistic about future expected, participation, enthusiasm is not big, light volume, play more. Cast and cast iron, ductile iron, markets and the downstream enterprises orders, procurement of raw materials is not positive, result in ironworks inventory backlog of serious, part manufacturer production maintenance, another part of the production steel smelting, late as timber, raw materials have fall, pig iron and solidly, or will continue to maintain the stability of weak run, in the 30 - 50 yuan. Around the base without price change, volume in good condition, in the Mid-Autumn National Day, under the influence of double section downstream stable overall inventory requirements, especially in eastern and southern markets, the coking plant produced more cautious, keep low inventory, coke prices without inventory pressure, even zero inventory operations, so the price of 304 stainless steel with relatively strong, and the material of coking coal prices recently held steady running, the early stage of the government well implement the various valuation regulation policy, and gradually pay off, supply and demand is expected to be improved for a long time, the formed coke market is also beneficial to support, but influenced by steel prices continued to fall, downstream mentality of significant change, steel mills on the strength of coke prices increased, the northern parts of steel price cut, make the bearish market increasingly thick atmosphere, coke enterprises has changed from 'willingness to think up to stabilization is given priority to, in terms of comprehensive coke rose met with resistance, but the downside space is limited, in a large fluctuations, next week is expected to run steady. Because of raw materials continue to test this week, the domestic construction steel prices decline significantly, the market upside down situation is relatively serious, businessman mentality pessimistic, downstream procurement more cautious, clinch a deal the spot cold and cheerless, and steel mills and traders to capital pressure is relatively serious, selling price will strongly. For next week, we believe that the mainstream is still weak, at the end of the pressure, traders and steel mills will delivery are strong, and northeast, southwest, shandong and other major steel mills policy still is given priority to with cut, the market mentality pessimistic cannot change its spots. However, considering the shagang steel price sales flat and river, or 304 stainless steel belt for hitting a momentum has certain inhibition.