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304 stainless steel with market price or will continue to be weak stabilizing run - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-13
Today, 304 stainless steel prices continue to fall, the market continued weakness, clinch a deal the situation is still not improved.
Today, the strip steel prices weak down again, but tube factory's price will is stronger, a more cautious attitude to operation, shipment is still weak.
Market, due to the end demand capacity is always limited, plus the upstream support, shenyang welded pipe prices continue to Yin down trend, shipment is still no better.
Businesses now market is far less than the same reaction, with the upstream prices continued to fall, the traders inversion phenomenon is relatively common, many small and medium-sized family began to discuss transformation, market pessimism.
Now traders operating more conservative, did not dare to increase inventories, more strong wait-and-see mood.
Above all, shenyang welded pipe market prices in the short term vulnerable consolidation will continue to run.
Understands from the market, affected by the recent weak downstream demand, the local market shipments blocked continuously, although the recent phase of the screw is better, but the demand is not high, spot prices have inhibitory effect on local market, the Q345B pipe price to 304 stainless steel band local weak market demand, combined with the next face during the rainy season, the demand will be more weak, cause business to afternoon mentality is more pessimistic.
From the point of the current situation, although recent clinch a deal, but not local market inventory pressure, combined with the part of the specification is not complete, business stability, is expected to market prices within a short period of time or continue to be disadvantaged consolidation is given priority to.
domestic hot-rolled coil plate continued downturn, volume continued poor, weak market prices stabilise. Various factors to see the market at present, in the short term market run rut, merchants recent setback mentality, control prices or affected. Resources and physical resources of the domestic market total stock is not much, but the specification is relatively complete. Although most resources being replenished, but most of the businessmen held out no hope for the markets, in the short term will not increase in stock. Demand is the main problem facing the whole market, since the hot weather, the market demand will be reduce the trend, the late market traders will also be tested. For the downturn of the market, there are no more effective adjustment policies, market competition is shown slightly prominent, but this also is the inevitable trend of the market, the supply and demand two weak market developing late or will tend to supply, merchants pressure will increase, the market continued. On raw material, although recent iron ore and coal prices rising trend, but the late development still needs further fastidious, for now, temporarily difficult to steel the spot price cost support. Futures, futures nearly two days continuously rise, but today or narrow, as of the closed up 7 yuan, hot rolled coil plate futures price has risen to 2478 yuan. Futures price late or will fluctuate, but not too much, to spot market sentiment on hot rolling stability. Based on the analysis of the market at present, in the short term is expected to 304 stainless steel with market price or will continue to be weak stabilizing operation.
domestic hot-rolled coil plate continued downturn, volume continued poor, weak market prices stabilise. Various factors to see the market at present, in the short term market run rut, merchants recent setback mentality, control prices or affected. Resources and physical resources of the domestic market total stock is not much, but the specification is relatively complete. Although most resources being replenished, but most of the businessmen held out no hope for the markets, in the short term will not increase in stock. Demand is the main problem facing the whole market, since the hot weather, the market demand will be reduce the trend, the late market traders will also be tested. For the downturn of the market, there are no more effective adjustment policies, market competition is shown slightly prominent, but this also is the inevitable trend of the market, the supply and demand two weak market developing late or will tend to supply, merchants pressure will increase, the market continued. On raw material, although recent iron ore and coal prices rising trend, but the late development still needs further fastidious, for now, temporarily difficult to steel the spot price cost support. Futures, futures nearly two days continuously rise, but today or narrow, as of the closed up 7 yuan, hot rolled coil plate futures price has risen to 2478 yuan. Futures price late or will fluctuate, but not too much, to spot market sentiment on hot rolling stability. Based on the analysis of the market at present, in the short term is expected to 304 stainless steel with market price or will continue to be weak stabilizing operation.
