304 stainless steel belt will fall exactly on the sidelines - Tianjin stainless steel co. , LTD

From the point of feedback situation, local cold-rolled prices remain low, the market smoothly. Nearby the end of the steel structure enterprise procurement number has decreased, commercial business day by day is only a small amount of shipment, and the influence of low-cost resources around, businesses have to cut prices to boost delivery shipment today. In addition, because of the billet prices fell to around 2000 yuan/ton, the resource capital fell, and the hot roll price relatively overvalued, better profit space, steel mills delivery actively, merchants to accelerate the shipment, compounded declines. Hong kong-listed bad flood, 304 stainless steel with merchants pessimism, dense panic shipment around common manipulation. Detailed view, north China, central China, because the price of steel billet fell sharply, together with the northern second-line steel mills ex-factory price slashing, market determined belief, severe bearish sentiment is strong, price, delivery in succession a mainstream prices 70 - 150 yuan, but the downstream buyers also appears more exactly, give priority to with watching; Is also a decline in east China, south China difficult to check, cause increased market resources and the reduction in capital support, prices fell 50 - 160 yuan. 。 Is expected in the near future will inherit the local market profile correction operation. Is not hard to find entrance ore prices showed significant defensive, entrance mine map fall of steel co. , LTD. , follow up reacted positively, etc; Entrance will also be a defensive reasons restrict iron ore iron ore prices to fall before the Spring Festival, in the second half of the ore price every callback to around $120 showed significant defensive, so before the Spring Festival is in difficult, but fell difficulty is very big also. Weak demand for next week, consider the years ago don't change, and combined with the pressure of funds, 304 stainless steel belt market had winter difficult now, resource supply, there are still fall afternoon. Medium plate continued weak region and department increasingly significant decline, but did not improve overall situation of trading. North east China, south China region for ex-factory price time again to move, the market price is in rapid decline, and week match, over 50 - has fallen 150 yuan, in view of the downstream demand is weak, east China, south China commercial business with the less active, so the individual steel mills have tens of thousands of tons of inventory is difficult to be digested. Nothing more than given by this week, the current hot rolled around the capital, basic businesses fell will diminish. Recently market increases, business inventories rose slightly, every large inventories are - in 4000 5000 tons, was flat over the same period last year. The main reason is that the current price is low, less prices further down the risk. Although shipment will business is strong, but faced with shrinking demand, weak business mentality, prices generally don't look good for years ago. Volume is still bad. Department in 304 stainless steel belt industry business to wait the price before the Spring Festival. Steel mill inspection measures to a certain extent, alleviate the pressure of supply, can not disorderly market effect so as to achieve. From the point of the situation, steel off-season downstream demand more and more weak, clinch a deal the overall performance, coupled with the weakness of the raw material prices decline, its capital is reduced, and the department area inventory pressures increase, making commercial business to afternoon bearish views, manipulation is given priority to with fast forward quickly, and at present the medium plate market spread pessimism, so we expect next week still disadvantaged consolidation. But tremendous pressures from downstream vendors to buy or not to buy up significantly, down 304 stainless steel belt market exactly, this creates more fell more not to buy, the more don't buy more down the vicious cycle of the situation.