304 stainless steel with poor trading atmosphere - Tianjin stainless steel co. , LTD

Pipe decline difficult to check this week, clinch a deal the malaise, amplitude in 50 - 150 yuan/ton. The main reason is that the recent 304 stainless steel with a small decline in raw material, now raw material prices into the initial digit '1', terminal purchasing intention still depression. For city merchants bearish psychological strong, after the market more negative, lead to the late tube price is difficult to rebound. Southern recently affected by the rainy weather, traffic ship stranded, terminal with steel demand downturn. Some steel mills and merchants due to the downturn in the market demand has already been closed closed, market ship stranded, real estate and construction steel this year is to let business losses, the market turned more, downstream production and purchasing power greatly discount. Will tell from the inventory level, more than large inventory backlog of more than ten thousand tons, small worth has no intention to stock up, and money, loans, continued demand and traders to reduce, will suppress market price is higher, to a certain extent continuously lower the market price. In billet fell sharply, the first half of the week profile market declines obviously, market of tangshan work Angle trough decline at about $one hundred a tonne. Thursday and Friday two days the rebound of steel, 304 stainless steel belt also appeared to pull up the momentum. So far, demand side, although low clinchs a deal has improved, but still can see the market for high-priced resources or accept degree is not high, price resistance is bigger. Mentality level, the businessman is quite cautious, give priority to with increases with the increasing in the operation, not pressure. And a half weeks after the rally is to have a little boost market sentiment, but the real demand level still did not improve. Taken together, type is expected next week, or weak. In billet fell sharply, the first half of the week profile market declines obviously, market of tangshan work Angle trough decline at about $one hundred a tonne. Type billet rebounded Thursday and Friday two days, the city also appears to pull up the momentum. So far, demand side, although low clinchs a deal has improved, but still can see the market for high-priced resources or accept degree is not high, price resistance is bigger. The mentality level, the businessman is quite cautious, 304 stainless steel belt is given priority to with increases with the increasing in the operation, can't control money. And a half weeks after the rally is to have a little boost market sentiment, but the real demand level still did not improve. Taken together, type is expected next week, or weak.
heavy falls in hong kong-listed this week, the main reason is that raw materials in the decline of the tube billet steel strip this week, the market demand is difficult to improve, the early stage of the business inventory backlog, inventory slowly, businessmen mentality pessimistic, cut tube price is still unable to boost demand tube city, the rainy season and the decline in raw material, cause the terminal wait-and-see sentiment strong, outdoor suspended from the construction site, the downstream steel demand depression, tube factory still on-demand production, some merchants have closed closed, 304 stainless steel with poor trading atmosphere, look empty afternoon. Next week is expected to pipe market shocks, slightly decline narrowed.