304 stainless steel belt will not depart from the overall consolidation of barriers - low Tianjin stainless steel co. , LTD

Domestic cold-rolled market is given priority to with down slightly. And construction steel, hot-rolled coil and plate in the depth of the market price adjustment, than cold-rolled market is 'be yourself'. But the lower correlation between varieties as well as the continued decline in raw material price such as iron ore, steel billets, 304 stainless steel belt mentality rather weak, especially after the Mid-Autumn festival construction steel, hot-rolled coil, steel billet, and many other varieties of market prices to new lows, market panic mentality to carry on. Combined with the weak downstream demand, market 'to buy or not to buy up' psychological strong, downstream users purchasing is not positive. This week, the domestic construction steel prices sharply lower, the Beijing and tianjin, and other leading cities price declines are in more than one hundred yuan. The author analysis there are mainly two reasons, first is the collapse of confidence in the market. This week, foreign media reported this month, the central has held a meeting in beidaihe, the top leaders gathered in beidaihe, they agreed that the focus of economic work will be before the end of the reform, in preference to spur growth measures, and accept the economic growth may be less than 7. The reality of the 5% target. According to internal discussion of policy, which means that is unlikely to be a major stimulus measures, such as cut benchmark interest rates or bank reserve requirements, but once a rise in unemployment, the government is ready to intervene. The bottom line is that the government stable employment and does not occur a wide range of default; In this case, 7 economic growth this year. 3% - 7. 4% is acceptable, the Chinese government may cut growth target of 2015. The news was reported by the media on Monday, led directly to the domestic commodity prices tumbled, collective 304 stainless steel futures were lower at the stop. Joint ore steel futures fell, making the market confidence has frustrated around the spot price to fall. Tell from the spot level, is close to the end of this week, merchants came under pressure from the collection, to the steel mill to pay advance payment at the same time, the northern areas affected by the leading steel price several times, and the price is sales difficulties, at the end of the steel price merchants also eager to sales, cash collection, it also makes the domestic spot steel prices this week decline, especially evident in north China.
the current pressure on the domestic economic downturn, the manufacturing is generally bad, still cautious about future expectations, also means that the domestic hong kong-listed golden nine silver ten expectations have been dashed. Then policies of wuhan, anshan iron and steel, hebei iron and steel group and other leading producer prices for steel mills in October will give priority to in order to lower the tone, the decline in 100 - 200 yuan, shougang only keep flat. As the producer prices for steel mills significantly lowered, cost support is relatively weak. Comprehensive analysis, no matter from cost or demand level, 'silver ten' appears unlikely. But after a depth after the adjustment, many varieties of steel prices has been in the lowest point in 10 years, will continue to fall space narrowing, and tumbled after the market repair sexual need, do not rule out a periodic stability, or even a slight rebound, but will not depart from 304 stainless steel with overall low consolidation hedge.