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304 stainless steel belt to direct the market - as a cost Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-12
Recently for a period of time, the fall of 304 stainless steel belt price significantly greater than the original fuel prices decline, especially iron ore prices rose slightly, therefore, the size of the steel mills losses continues to expand.
On the one hand, reversed transmission steel plant began to production, and production will lead to the original burning material reduced demand, thus further down the original fuel prices, and once the original fuel prices, which affect the steel price downward;
On the other hand, the losses of 350 yuan/ton of steel, and the futures market to short new strength of the screw, lead to broken thread futures downward, also further weaken the spot market confidence;
Again, losses increase reversed transmission steel mill to speed up delivery, in order to maintain a certain cash flow.
in early may, the rapid decline in iron ore port stocks, the market expected iron ore into the price interval, decreased its imported to Hong Kong, on the other hand the blast furnace capacity utilization is still keep a higher profile. For the need to increase, ore price strength is expected. By steel prices falling fast suppression, the domestic steel price total cost line, sink and sink ever deeper, at the same time terminal with steel demand is not prosperous refractory steel finished product inventory pressure, the operation of the future space narrow further, almost only temporarily by reduced production SOP. Imported ore, port inventories continue to move down, imported ore prices lower formed certain inhibition. Due to weakening demand, 304 stainless steel belt is still wait-and-see, expect weak steady running. Large mine of shandong domestic ore, weekend ex-factory price is generally lower 15 yuan/ton, tumbling market confidence, but small and medium-sized mines around the selected count closure, strained resources, is expected in the short term the market price decline is unlikely. On steel price trend accelerated fall over, steel composite price index fell 6 y/y. 58%. Points varieties, long products prices dropped by 6. 5%, flat material price index dropped by 6. 66%. Iron ore prices rebounded after falling trend, iron ore comprehensive price index rose by 2. 19%, import ore price index rose by 5. 33%, domestic ore price index fell by 2. 76%, in line with expectations. July steel market outlook, the superposition of triple reversed transmission influence, 304 stainless steel belt and downside market, but does not rule out in the case of supply last drop-off trigger price stabilization and even rebound. Off-season effect, terminal demand, supply and demand contradictions, inventory parts of society have begun to rebound, increase market sales pressure; Around the steel prices at record low, but the dealer buying intention is not strong, the market outlook is expected to keep pessimistic; YaChan but high cost pressure, steel plant, maintenance operation were increased, the businessman mentality has stable effect, consider money in early pressure drops. Markets, futures continued weak finishing last week, and around the plant resource is still in the arrival of the goods in succession, the actual demand to impress, the intensified contradiction between supply and demand, the northern YanGang resources tender and bidding is in 2100 yuan/ton s can clinch a deal, many factors traders pessimism to trough, east part of state-owned enterprises have dumped at cheap prices, low-cost resources emerged, weekend markets continue to cold and cheerless, is expected today prices continue downward. Raw material prices itself actually almost synchronization in blank or finished product material price, however, due to the steel mill adopts tight library operation, the raw material price into cost need 7 days to 15 days of cycle, this makes it conveniently during the market, raw material prices will change, prior to the finished material 304 stainless steel belt to direct the market as a cost.
in early may, the rapid decline in iron ore port stocks, the market expected iron ore into the price interval, decreased its imported to Hong Kong, on the other hand the blast furnace capacity utilization is still keep a higher profile. For the need to increase, ore price strength is expected. By steel prices falling fast suppression, the domestic steel price total cost line, sink and sink ever deeper, at the same time terminal with steel demand is not prosperous refractory steel finished product inventory pressure, the operation of the future space narrow further, almost only temporarily by reduced production SOP. Imported ore, port inventories continue to move down, imported ore prices lower formed certain inhibition. Due to weakening demand, 304 stainless steel belt is still wait-and-see, expect weak steady running. Large mine of shandong domestic ore, weekend ex-factory price is generally lower 15 yuan/ton, tumbling market confidence, but small and medium-sized mines around the selected count closure, strained resources, is expected in the short term the market price decline is unlikely. On steel price trend accelerated fall over, steel composite price index fell 6 y/y. 58%. Points varieties, long products prices dropped by 6. 5%, flat material price index dropped by 6. 66%. Iron ore prices rebounded after falling trend, iron ore comprehensive price index rose by 2. 19%, import ore price index rose by 5. 33%, domestic ore price index fell by 2. 76%, in line with expectations. July steel market outlook, the superposition of triple reversed transmission influence, 304 stainless steel belt and downside market, but does not rule out in the case of supply last drop-off trigger price stabilization and even rebound. Off-season effect, terminal demand, supply and demand contradictions, inventory parts of society have begun to rebound, increase market sales pressure; Around the steel prices at record low, but the dealer buying intention is not strong, the market outlook is expected to keep pessimistic; YaChan but high cost pressure, steel plant, maintenance operation were increased, the businessman mentality has stable effect, consider money in early pressure drops. Markets, futures continued weak finishing last week, and around the plant resource is still in the arrival of the goods in succession, the actual demand to impress, the intensified contradiction between supply and demand, the northern YanGang resources tender and bidding is in 2100 yuan/ton s can clinch a deal, many factors traders pessimism to trough, east part of state-owned enterprises have dumped at cheap prices, low-cost resources emerged, weekend markets continue to cold and cheerless, is expected today prices continue downward. Raw material prices itself actually almost synchronization in blank or finished product material price, however, due to the steel mill adopts tight library operation, the raw material price into cost need 7 days to 15 days of cycle, this makes it conveniently during the market, raw material prices will change, prior to the finished material 304 stainless steel belt to direct the market as a cost.
