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304 stainless steel with a profit by extrusion - sharply Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-05
Last week, the price of 304 stainless steel with the overall downward trend.
Week, cut interest rates by the weekend though, boost market confidence, traders are encouraged, steel prices rose, slightly higher.
But then, as a result of iron ore period goods prices fall in a row, drive forward market steel prices downward, the downstream end users in the sidelines, lack of confidence, purchasing willingness to reduce, the early stage of the overall market clinch a deal the decline significantly.
And along with the supply increase, traders inventory has increased slightly, to ease the pressure, have to sales prices, steel prices overall weaker.
Overall, the early positive receded, the market gradually return to rational, without a large improvement in supply and demand fundamentals, steel prices down is inevitable.
Market feedback, the central bank announced last weekend past to cut interest rates for the third time, early this week, leading steel mills in mid-may prices remain flat in east China, the market has formed a certain support, Monday, Tuesday, local building materials price is for the firm.
End demand performance weakness, however, together with economic data is less than expected in April, businesses better expectations about future demand, the market mentality generally pessimistic, Wednesday after many businessmen increasing benefit and the degree of dark drop, loose spot steel prices overall.
Early continued easing policy stimulating effect on the real economy is still not obvious, the real estate investment and new growth to continue downward, made of 304 stainless steel late with the expected discounted policy effect, market confidence hit.
Based on this, the author expects short-term movements of Shanghai building materials prices will continue down.
this week since opening, Beijing building materials market continuous back slightly, wire down 50 yuan/ton, thread cut 30 yuan/ton. The arrival of the recent steel plant situation is bad, although traders take the initiative to cut will not strong, but continued weakness in demand, under the influence of steel billet prices, spot prices to support the weak, businesses in order to ensure the shipment had to cut price, low frequency resources now. The current market mentality is not optimistic, and the second half of the week for iron ore, rebar futures fell sharply, is adding to the gloomy atmosphere. Based on this, is due to the local building materials prices will be slightly down next week.
the recent plate downstream car industry and mechanics industry performance, plank enterprise order still faces greater pressure. Construction steel manufacturers have different price adjustment, including shagang in mid-may ex-factory price flat, without subsidies of the previous period, in line with market expectations. Rizhao, yu feng, jiyuan steel prices by 30 -, etc 40 yuan/ton, angang is affected by environmental outages in raising price of 30 yuan/ton. Show the difference with mine steel prices, 304 stainless steel with profit is being squeezed from a sharp, interested in a price of steel gradually increased, in fujian this week three steel, liuzhou iron &steel group co. are presented. the merchants for continuous mills again on price, but under the weak demand situation, the steel price general co. , LTD. As losses increase, the recent adjustment billet rolling enterprise maintenance, billet enterprise order quantity less than production, inventory increase quickly. The futures market at the same time continuous decline, lack of confidence in the market.
this week since opening, Beijing building materials market continuous back slightly, wire down 50 yuan/ton, thread cut 30 yuan/ton. The arrival of the recent steel plant situation is bad, although traders take the initiative to cut will not strong, but continued weakness in demand, under the influence of steel billet prices, spot prices to support the weak, businesses in order to ensure the shipment had to cut price, low frequency resources now. The current market mentality is not optimistic, and the second half of the week for iron ore, rebar futures fell sharply, is adding to the gloomy atmosphere. Based on this, is due to the local building materials prices will be slightly down next week.
the recent plate downstream car industry and mechanics industry performance, plank enterprise order still faces greater pressure. Construction steel manufacturers have different price adjustment, including shagang in mid-may ex-factory price flat, without subsidies of the previous period, in line with market expectations. Rizhao, yu feng, jiyuan steel prices by 30 -, etc 40 yuan/ton, angang is affected by environmental outages in raising price of 30 yuan/ton. Show the difference with mine steel prices, 304 stainless steel with profit is being squeezed from a sharp, interested in a price of steel gradually increased, in fujian this week three steel, liuzhou iron &steel group co. are presented. the merchants for continuous mills again on price, but under the weak demand situation, the steel price general co. , LTD. As losses increase, the recent adjustment billet rolling enterprise maintenance, billet enterprise order quantity less than production, inventory increase quickly. The futures market at the same time continuous decline, lack of confidence in the market.
