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304 stainless steel with tax cut - in China Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
304 stainless steel belt tax cut, though can make some temporary respite in mining enterprises, but in the context of the overall downward trend of the iron ore market, the domestic mining enterprises just added to cut prices further 'chip', and is difficult to reverse the enterprise the management predicament, the current domestic mining enterprises in producing less than 30%, and the basic are losing money, tons of ore loss rate in 100 -
300 yuan, the road of the domestic mining enterprises to profit remains uncertain, with imports of ore prices continue to drop, the domestic ore market available resources will shrink further.
Market this week smooth operation, the downstream procurement enthusiasm is not high, the overall deal in general.
According to market information feedback, the tungsten market lack of upward momentum, but the miners are reluctant to lower price, market as a whole at an impasse.
raw materials of iron ore market continued to fall this week, coke prices weak steady, the downstream despite the rally in 304 stainless steel belt, but the overall upstream and downstream market failed to bring pig iron market strong support for the time being. Steel mills to pig iron for steel making procurement is still cautious this week, causing the ship iron works poorly. Foundry pig iron overall stability, individual regions offer lower, partial shipment better iron works have rise in price, but take into account the downstream demand no fundamental improvement, so the ironworks feel hesitate to pull up. At the current situation, most of iron works is given priority to with watching, so next week is expected to domestic pig iron market is given priority to with concussion run more. Next week is expected to more than the domestic coal market is given priority to with bearish. This week continued weak, major coking coal producing areas in shandong, shanxi, prices fell. Local market clinch a deal is poorer, coal enterprise, inventory highs after the early stage of the steel price increase to the upstream market conduction slow, downstream enterprise suppress inventory, market sentiment is more pessimistic. Around screening efforts still strict environmental protection, constant JiaoGang enterprise forced shutdown message appear because of the environmental issues, will continue to expand the scope of screening or late. Steel prices this week for a correction, not the market price support effect, capital steel mills on coal tar price suppression continued, short-term capital markets look empty. Only individual regions is still vulnerable to maintain stability, clinch a deal the situation in general. In black flagging under the background of the industrial chain, the current domestic steel mills and coal mine of the game is also increasingly seem to be intense, domestic mainstream large mine want to pressure on valuation, but steel mills jiao qi way sales as well as environmental protection high pressure due to its own operation difficulties, also had to be serious with mine. In the whole market into the downlink channel as raw materials, 304 stainless steel belt price is difficult to maintain stability, late or below the line.
raw materials of iron ore market continued to fall this week, coke prices weak steady, the downstream despite the rally in 304 stainless steel belt, but the overall upstream and downstream market failed to bring pig iron market strong support for the time being. Steel mills to pig iron for steel making procurement is still cautious this week, causing the ship iron works poorly. Foundry pig iron overall stability, individual regions offer lower, partial shipment better iron works have rise in price, but take into account the downstream demand no fundamental improvement, so the ironworks feel hesitate to pull up. At the current situation, most of iron works is given priority to with watching, so next week is expected to domestic pig iron market is given priority to with concussion run more. Next week is expected to more than the domestic coal market is given priority to with bearish. This week continued weak, major coking coal producing areas in shandong, shanxi, prices fell. Local market clinch a deal is poorer, coal enterprise, inventory highs after the early stage of the steel price increase to the upstream market conduction slow, downstream enterprise suppress inventory, market sentiment is more pessimistic. Around screening efforts still strict environmental protection, constant JiaoGang enterprise forced shutdown message appear because of the environmental issues, will continue to expand the scope of screening or late. Steel prices this week for a correction, not the market price support effect, capital steel mills on coal tar price suppression continued, short-term capital markets look empty. Only individual regions is still vulnerable to maintain stability, clinch a deal the situation in general. In black flagging under the background of the industrial chain, the current domestic steel mills and coal mine of the game is also increasingly seem to be intense, domestic mainstream large mine want to pressure on valuation, but steel mills jiao qi way sales as well as environmental protection high pressure due to its own operation difficulties, also had to be serious with mine. In the whole market into the downlink channel as raw materials, 304 stainless steel belt price is difficult to maintain stability, late or below the line.
