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304 stainless steel with the market was not a significant slowdown - supply pressure Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-07
Last week, the domestic steel market prices on multiple battered by bad, hot rolled steel plate overall sustain losses.
Recently, negative concentration release 304 stainless steel belt market, steel prices have a wave fell sharply, traders confidence instability, clinch a deal the cold clear market, steel prices keep falling.
Concrete, construction steel prices affected by the rain weather, tight delivery market, demand, clinch a deal the collapse, prices fell sharply, parts down more than one hundred yuan, and for hot-rolled coil, under the building materials falling down, the shock consolidation pattern no longer, in a down trend.
At the same time, the iron ore spot, prices fell, drive the billet prices fell sharply, and then to market, form continuous down trend.
In general, the oscillation of the steel price in a long time, after stabilization, broken down.
Near the weekend, however, continuous rebound in the futures market, steel prices slightly stabilizing, part of the market prices have certain signs of recovery.
Recent market reduce steel mills in the arrival of the goods, but in the case of the rainy weather further weakening demand, the backlog of inventory is still a certain market.
Have learned this week to the national inventories fell for 14 weeks, but since may destocking speed of the slowdown in the seamless pipe market, at the same time, the year-on-year decline last year also weekly inventory decreases, and suggests that the downstream demand remains weak.
There is no signs of improvement, the domestic steel prices will continue to pressure.
Chinese ports tightening inventory according to market supply, the direct power of iron ore price rebound quickly, because China is the world's largest consumer of iron ore.
Speculation, however, shows that this is some of the miners and traders in the specially tightening supply to boost prices.
Currently, there are signs that iron ore shipments begin to rebound again.
In addition, citigroup, said in a report that the major iron ore supplier in Australia for a week, according to early June iron ore export situation is good, the next few months should increase obviously.
And is difficult to digest excess supply pressure, demand is the main reason why the weak.
As China's economic slowdown, the demand for steel is abate, and because the construction activity slowdown during the summer, hot rolled steel plate needs further frustration, prompting steel mills cut production.
According to the government and industry data, 1 - this year
In may China's steel output fell by nearly 2% from a year earlier, as demand fell 5%.
The 304 stainless steel with the decline in the demand for iron ore in a sharp gains this month poured a pot of cold water.
steel prices still weakening of yesterday, after opening, traders had intended to temporarily stabilized, watching, producer prices for steel mills continue to cut, but under traders had to fall, but the decline is differ, offer more chaos, around the low price competition intense, sending prices down again. The author thinks that, short-term hard to boost demand, steel prices continue to weak today. On the demand of fundamental improvement in the circumstances, steel prices continue to fall. Now, only the strength of steel production is large enough to save the current weak market. And the survey also found that the strength of steel mills cut production didn't meet expectations, shows that hong kong-listed cannot alter disadvantaged situation in the near future. Overall, the current majority to cut production is still hesitating. To maintain the stability of cash flow and market share, in the choice overall production is still cautious, especially domestic major iron and steel enterprises in hebei, jiangsu area of steel blast furnace capacity still remain high. It helps, too, although there have been recent steel mills cut production and the production of news report, but the actual scope of steel production is still weaker than expected, 304 stainless steel with market supply pressure is not a significant slowdown.
steel prices still weakening of yesterday, after opening, traders had intended to temporarily stabilized, watching, producer prices for steel mills continue to cut, but under traders had to fall, but the decline is differ, offer more chaos, around the low price competition intense, sending prices down again. The author thinks that, short-term hard to boost demand, steel prices continue to weak today. On the demand of fundamental improvement in the circumstances, steel prices continue to fall. Now, only the strength of steel production is large enough to save the current weak market. And the survey also found that the strength of steel mills cut production didn't meet expectations, shows that hong kong-listed cannot alter disadvantaged situation in the near future. Overall, the current majority to cut production is still hesitating. To maintain the stability of cash flow and market share, in the choice overall production is still cautious, especially domestic major iron and steel enterprises in hebei, jiangsu area of steel blast furnace capacity still remain high. It helps, too, although there have been recent steel mills cut production and the production of news report, but the actual scope of steel production is still weaker than expected, 304 stainless steel with market supply pressure is not a significant slowdown.
