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304 stainless steel with traders feedback losses still more - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-12
Although before because of the price of raw material 304 stainless steel with Paula super bounce driven steel price down rising prices;
Clinch a deal but the demand side is still weak, the market is still relatively quiet;
Combined with the end of the quarter, the market financing area pressure further tightening, businesses make shipment price into the mainstream;
In many negative influence, so steel prices rose only lasted for just two or three days, the steel price will return to decline.
Overall, the current domestic steel market overall situation is still not optimistic, 'the gold nine' season expectations has largely failed, so for the upcoming silver ten, traders can look forward to?
Here come with the author mainly analyzes the factors that affect steel price movements.
The current China's overcapacity problem is not the norm of market economy, but the plan has been as a result of the economic intervention mode.
Such as some prominent industry overcapacity was once highly encouraged industries.
That is to say, the current domestic serious excess capacity in some sectors is likely to be caused by error of its industrial policy results.
304 stainless steel with traders feedback losses still more, sell will is not strong, but the downstream demand release is still limited, clinch a deal the tepid, in the absence of substantial support, prices continue rising power is insufficient, and raw materials continued decline, period screw is appear drop stop, this increase market bearish sentiment, steel mills also stop limit policy, increase the market supply of goods, in addition, if the usual, high pressure boiler tube should appear a small wave to stock market, but due to the market and let people worry too much this year estimated stock up phenomenon to appear. Thus, the current steel trade dealers still is given priority to with destocking, stock up seems really hopeless. Taken together, hong kong-listed low is not a day for two days, are also seems to be a little numb, just at the end of end of the season and the emergence of small long vacation, let the market a new worry, more the author estimates, the next two weeks, domestic the largest hong kong-listed is mainly affected by this chance. Anyhow, scrap losses before the National Day continues, drop and scope is preliminary already narrowed, east China gained basic stabilized, tangshan north China still fell, after the National Day in the last quarter of this year, demand for high pressure boiler tube or release, its price swings upward probability is bigger, scrap or the opportunity to follow up, businesses should be rational operation during this period.
the whole, at present, hebei iron and steel industry is still saddled with overcapacity 'baggage'. According to metallurgical industry in hebei province association bulletin, the second half of this year, hebei province still has to reduce steel production capacity of 11. 57 million tons, a difficult task. Be shut down, or find the way out? Some 304 stainless steel belt enterprises especially the private steel mills have been standing on the crossroads of choice.
304 stainless steel with traders feedback losses still more, sell will is not strong, but the downstream demand release is still limited, clinch a deal the tepid, in the absence of substantial support, prices continue rising power is insufficient, and raw materials continued decline, period screw is appear drop stop, this increase market bearish sentiment, steel mills also stop limit policy, increase the market supply of goods, in addition, if the usual, high pressure boiler tube should appear a small wave to stock market, but due to the market and let people worry too much this year estimated stock up phenomenon to appear. Thus, the current steel trade dealers still is given priority to with destocking, stock up seems really hopeless. Taken together, hong kong-listed low is not a day for two days, are also seems to be a little numb, just at the end of end of the season and the emergence of small long vacation, let the market a new worry, more the author estimates, the next two weeks, domestic the largest hong kong-listed is mainly affected by this chance. Anyhow, scrap losses before the National Day continues, drop and scope is preliminary already narrowed, east China gained basic stabilized, tangshan north China still fell, after the National Day in the last quarter of this year, demand for high pressure boiler tube or release, its price swings upward probability is bigger, scrap or the opportunity to follow up, businesses should be rational operation during this period.
the whole, at present, hebei iron and steel industry is still saddled with overcapacity 'baggage'. According to metallurgical industry in hebei province association bulletin, the second half of this year, hebei province still has to reduce steel production capacity of 11. 57 million tons, a difficult task. Be shut down, or find the way out? Some 304 stainless steel belt enterprises especially the private steel mills have been standing on the crossroads of choice.
