304 stainless steel with the demand of next week without signs of improvement Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
Vulnerable downward market this week, affected by the 304 stainless steel prices, steel mills for coke price crackdown continues to increase, tangshan region take the lead to price cuts, and surrounding areas also showed a downward trend.
And from Inner Mongolia, shanxi in tangshan region of steel coking coal resources were established to perform 20 yuan/ton.
Despite the current market there are no big range with falling phenomenon, but the price of coke market support efforts to gradually weaken, is likely to cause a chain reaction, causing prices to fall further.
Currently produced coke for steel companies respond with low inventory strategies, which makes the steel mills more cautious to adjust the price of coke.
So in the short term is expected to price won't appear large range with drop phenomenon, but does not rule out a few small regions fell, amplitude at about 20 yuan/ton.
from the main component, the production index lows, purchase quantity index declined, the new orders index was flat, and new export orders index continuous contraction amplitude increase, finished goods stock index continues to rise, purchasing price index continuous contraction, according to the current domestic 40 cr steel market contradictions intensified for strong to the weak. And every year in February from January's domestic steel demand downturn in late downstream demand accelerated atrophy is expected to become a foregone conclusion. In terms of the major markets, rebar inventories society is the main guangzhou, hangzhou and other places, but Shanghai rebar social inventory did not appear big growth. Hong kong-listed appear this phenomenon, on the one hand, is due to the New Year's day have replenishment during the downstream market, stock up in advance; First three trading days is New Year's day on the other hand, steel prices in the rebar futures markets and raw material market, a steady rise in the market, the market for the holiday has continued to rise in the expected, the national social inventory appeared a larger increase. Some small steel mills due to market goods, less inventory down to alert a gradually, so the higher scrap purchase price restock, but the finished steel demand is weak, steel prices continue to test, let the manufacturer dilemma; Large steel mills to wait, scrap steel dosage is not big, the purchasing enthusiasm is not high also, vulnerable. Next week, the demand of 304 stainless steel with no signs of improvement, steel prices did not rebound momentum, scrap material to maintain vulnerable.
domestic pig iron market this week weak downward, clinch a deal, after 20 - parts 50 yuan/ton. Iron and steel smelting, is early this week, some steel mills for the steelmaking pig iron procurement policy in January, in addition to steel raised by last month's purchase price is too low receiving 20 yuan, the other steel mills are still mainly on steelmaking pig iron, purchasing price cuts - 10 Price 80 yuan/ton, ironworks are unable to stand, the individual areas the market price to drop 50 yuan. Cast iron, ductile iron, foundry enterprises downstream order few and far between, and capital chain tight, very thin demand for pig iron, casting parts companies ahead of the holiday, no stock up basic intentions. Still the supply-side unilaterally pull up, steel procurement price is given priority to with stability. And east mountain steel lower purchase price is 25, local big ore with drop, all except Jin Ling middlemen to prices are generally low, but because of the heavy losses and winter iron powder agglomeration phenomenon, small and medium mill plant capacity utilization is very low, so it's difficult to supply and demand both sides clinch a deal the price agreement. Given the recent steel loading slightly, next week is expected to iron ore market is given priority to with stability, local small fluctuations. Manufacturer's money is still difficult to relieve pressure, so in the face of the current record lows, although some traders low stock up desire is strong, but with the stock cost is too high, and generally bearish market outlook, still wait. In conclusion, the current, is in steel demand in the off-season, most of the infrastructure project has shut down, the downstream demand is late; But also need a digestion phase, therefore is expected to 304 stainless steel belt is given priority to with shock down next week.
from the main component, the production index lows, purchase quantity index declined, the new orders index was flat, and new export orders index continuous contraction amplitude increase, finished goods stock index continues to rise, purchasing price index continuous contraction, according to the current domestic 40 cr steel market contradictions intensified for strong to the weak. And every year in February from January's domestic steel demand downturn in late downstream demand accelerated atrophy is expected to become a foregone conclusion. In terms of the major markets, rebar inventories society is the main guangzhou, hangzhou and other places, but Shanghai rebar social inventory did not appear big growth. Hong kong-listed appear this phenomenon, on the one hand, is due to the New Year's day have replenishment during the downstream market, stock up in advance; First three trading days is New Year's day on the other hand, steel prices in the rebar futures markets and raw material market, a steady rise in the market, the market for the holiday has continued to rise in the expected, the national social inventory appeared a larger increase. Some small steel mills due to market goods, less inventory down to alert a gradually, so the higher scrap purchase price restock, but the finished steel demand is weak, steel prices continue to test, let the manufacturer dilemma; Large steel mills to wait, scrap steel dosage is not big, the purchasing enthusiasm is not high also, vulnerable. Next week, the demand of 304 stainless steel with no signs of improvement, steel prices did not rebound momentum, scrap material to maintain vulnerable.
domestic pig iron market this week weak downward, clinch a deal, after 20 - parts 50 yuan/ton. Iron and steel smelting, is early this week, some steel mills for the steelmaking pig iron procurement policy in January, in addition to steel raised by last month's purchase price is too low receiving 20 yuan, the other steel mills are still mainly on steelmaking pig iron, purchasing price cuts - 10 Price 80 yuan/ton, ironworks are unable to stand, the individual areas the market price to drop 50 yuan. Cast iron, ductile iron, foundry enterprises downstream order few and far between, and capital chain tight, very thin demand for pig iron, casting parts companies ahead of the holiday, no stock up basic intentions. Still the supply-side unilaterally pull up, steel procurement price is given priority to with stability. And east mountain steel lower purchase price is 25, local big ore with drop, all except Jin Ling middlemen to prices are generally low, but because of the heavy losses and winter iron powder agglomeration phenomenon, small and medium mill plant capacity utilization is very low, so it's difficult to supply and demand both sides clinch a deal the price agreement. Given the recent steel loading slightly, next week is expected to iron ore market is given priority to with stability, local small fluctuations. Manufacturer's money is still difficult to relieve pressure, so in the face of the current record lows, although some traders low stock up desire is strong, but with the stock cost is too high, and generally bearish market outlook, still wait. In conclusion, the current, is in steel demand in the off-season, most of the infrastructure project has shut down, the downstream demand is late; But also need a digestion phase, therefore is expected to 304 stainless steel belt is given priority to with shock down next week.
