304 stainless steel belt - traders believe that even if the money is no longer to see many Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-13
Imported ore slight rebound this week, after the economic data, money 'stimulus' late or will be suspended, hit the financial derivatives market and continuous days high failure, even so, port spot remains strong, 304 stainless steel with traders believe that even if the money is no longer see much, but rely on capital projects to carry out the still worth looking forward to, as a result, import prices do not drop instead of individual strong.
In steel mills ways, dark steel market, real estate data are still cautious about the raw material procurement, along with it adopt the attitude of the other stock is low.
Continuous rapid rebound in domestic ore, imported ore, steel mills to see gains could partially open domestic ore procurement, market activity more early ascension, apparently affected by environment strong rise in steel mills can only passively accept, in general, domestic ore should continue strong run next week, import ore or high steady or small step back, not too much, later to maintain a cautious optimism in the market.
Economic environment has improved, the housing purchase there were signs of loosening, railway infrastructure investment, directional loose signal release of funds, the market mentality is slightly better, stabilised screw bottomed out, rebar spot market also rose, 304 stainless steel prices also rebounded from around $89 to $98 or so at present, combined with the summer scrap processing resources is a bit tight, so also offered some support to the increase in the price of scrap steel, but we know that although the steel market resources is not much, but steel mills inventory pressure is relatively large, so the factory steel are tentative raised ex-factory price policy, still in the test market acceptance.
Another is the steel industry money is still tight, this will to some extent limited trading activity, inhibit market rebound in the rhythm.
Next week is expected to scrap steel prices overall stabilization on local is still strong.
this week coke overall stability and local slightly lower, mainly by just need to support the market at present, the downstream crackdown to alleviate, make the focal company temporarily hold value view, but hong kong-listed overall environment is still poor, coupled with the recent coking coal weakening, support weakening of the coke costs, so the risk remained 304 stainless steel belt, coke prices generally also not better hopes, can only hope stability time longer, as currently envisaged, nearly 1 week market stability problem is not big, coke enterprises to set a new contract at the end of the steel plant new monthly pricing, coke, could see a small cut. Recently in north China, east China and central China to some extent the shortage of resources, the Yangtze river delta and beijing-tianjin region of giant resources on a slightly this week, but helpless off-season needs to follow up the shortage, and the rain from south to north in most regions of the country to form, the market price rise of sustainability is not strong; Great for rebar inventories in south China, the market price ultra fall rally, but weak demand, high end is still hard to go, in the short term is given priority to with stability. For we believe that the price stability are next week, we have learned, north China leading steel plant maintenance is coming to an end, plan to the market supply at the beginning of next week, the late shortage phenomenon will be eased, support for the market price will decline. And east China region because of the fine weather, the overall deal will improve, and steel mills policy more strong and will continue to go up in the late 304 stainless steel belt.
this week coke overall stability and local slightly lower, mainly by just need to support the market at present, the downstream crackdown to alleviate, make the focal company temporarily hold value view, but hong kong-listed overall environment is still poor, coupled with the recent coking coal weakening, support weakening of the coke costs, so the risk remained 304 stainless steel belt, coke prices generally also not better hopes, can only hope stability time longer, as currently envisaged, nearly 1 week market stability problem is not big, coke enterprises to set a new contract at the end of the steel plant new monthly pricing, coke, could see a small cut. Recently in north China, east China and central China to some extent the shortage of resources, the Yangtze river delta and beijing-tianjin region of giant resources on a slightly this week, but helpless off-season needs to follow up the shortage, and the rain from south to north in most regions of the country to form, the market price rise of sustainability is not strong; Great for rebar inventories in south China, the market price ultra fall rally, but weak demand, high end is still hard to go, in the short term is given priority to with stability. For we believe that the price stability are next week, we have learned, north China leading steel plant maintenance is coming to an end, plan to the market supply at the beginning of next week, the late shortage phenomenon will be eased, support for the market price will decline. And east China region because of the fine weather, the overall deal will improve, and steel mills policy more strong and will continue to go up in the late 304 stainless steel belt.
