Latest products
304 stainless steel to inventory strength back - obviously Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
304 stainless steel market prices go up drop to each other now, this week a few cities prices remained stable after week inertia to pull up the Beijing and tianjin, Shanghai and other leading cities this week as well as construction steel price appeared high rushed back.
Domestic plank market clinch a deal this week also weaker condition, especially the hot-rolled coil plate stock drop speed slowed markedly, inventories last week fell by nearly 150000 tons, and this week fell by less than 40000 tons.
Steel furnace charge market overall weak in steady operation, import ore shock consolidation, domestic ore and coking coal, stabilizing the sidelines, billet market fall is bigger, only scrap steel market to maintain small rise trend, the overall on downstream timber support is insufficient.
Iron ore market is differentiation, the market volatility, although have rebounded but was quickly suppressed, while domestic ore market is relatively stable;
Steel procurement is still cautious, plus the main port iron ore inventories remain high pressure, and downstream timber rise after the callback, especially iron ore futures continued weakness bring certain negative, and foreign mines have announced bring greater supply pressure increase production;
Time and near the end of next week, steel mills funds pressure remained, increases yield but procurement is still relatively general, ore price is expected to have improved markedly.
Domestic steel billet market inventory continues to fall, supply pressure is not strong;
After improvement, downstream timber demand billet manufacturer's price will is stronger, so although this Zhou Gang price signs callback, downs but billet market continues to struggle;
However economic weakness has not been fundamentally improved, downstream rolling enterprise is relatively cautious, therefore, in the short term is expected to 304 stainless steel belt price continue to run a narrow consolidation is given priority to.
this week, although the size of the domestic steel market prices continue to rebound sharply narrowed, chongqing steel parts appear even last fall adjustment; But, in contrast, overall and gains; And the cost of imported ore such as the main raw material stability mainly weak; Prove that the current steel production enthusiasm is higher; Prophase steel internal raw material inventory is low, so there is an inventory of the late demand, or market has a certain boost for raw materials; But when the time came at the end of steel mills to Banks repayment pressure, still tight finances, and as of early April, at the end of the 304 stainless steel with efforts to inventory down obviously, cash funds is relatively insufficient, therefore, even if has a certain material requirement, is also more is given priority to with partial retail purchases, difficult to pull in the market advantage.
this week, although the size of the domestic steel market prices continue to rebound sharply narrowed, chongqing steel parts appear even last fall adjustment; But, in contrast, overall and gains; And the cost of imported ore such as the main raw material stability mainly weak; Prove that the current steel production enthusiasm is higher; Prophase steel internal raw material inventory is low, so there is an inventory of the late demand, or market has a certain boost for raw materials; But when the time came at the end of steel mills to Banks repayment pressure, still tight finances, and as of early April, at the end of the 304 stainless steel with efforts to inventory down obviously, cash funds is relatively insufficient, therefore, even if has a certain material requirement, is also more is given priority to with partial retail purchases, difficult to pull in the market advantage.
