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304 stainless steel with traders lack of defensive intentions - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-12
Sideways volatile markets today, clinch a deal.
Fair markets opened on Monday, 304 stainless steel belt inquiry condition, the seller offer more cautious, more is given priority to with partial low price clinch a deal, the domestic ore market is steady, delivery is the early stage of the strenuous, hebei and other regions market in shandong area domestic ore market although the change is not big, but as the late imported ore to the shandong province port number increasing, the local market price cut.
Recently, the domestic steel market pattern, the downstream demand is still weak, and the central bank over the weekend macroeconomic news release drop must cut interest rates again, intended to release funds for further signal, but for the real economy to boost effect is not significant, more positive stay only at the message level, since the beginning of the central bank has drop must cut interest rates three times, the financial market higher obvious atrophy, tend to be more rational development of the whole market operation.
For the steel industry chain, more is to use economic levers to adjust their structure, 304 stainless steel belt will enter the off-season for traditional and blast furnace maintenance season, increases the difficulty to increase iron ore market, in the international mining enterprises increased spot under the condition of resource supply, ore price or pressure drop in the short term.
today's domestic pig iron market basically stable, the market volume is relatively light. Tiejingfen upstream market basically stable, and the coke prices continued weakness, the pig iron cost support wanes. Downstream steel market remained stable, opinions vary on afternoon, steel procurement steelmaking pig iron enthusiasm is not high, price of 304 stainless steel belt phenomenon is common. As a result, the steelmaking pig iron market continues to maintain a weak situation. Foundry pig iron market is relatively flat, foundry sourcing for cautious, basic increases with the increasing use of exploitation. Situation at the moment, and iron in the short term the market will remain weak consolidation pattern. At present, the market demand downturn situation did not see signs of improvement, from the point of the relevant economic data, the short-term rebound in demand a non-starter. Steel prices run mainly affected by the ore price, output, and money. Ore price, because the port mouth low inventory situation continues, although clinch a deal the previous shrunk, but not in the steel mills of the comprehensive production background, ore price is relatively stable, are less likely to fall sharply, short-term shocks sideways in the majority. Yield surface, at current prices and ore price calculation, almost all mills will lose money, but forcing steel production needs certain process. And, for now, steel mills cut production, limit production is still low, the market short-term supply, to form a larger market pressure. And money, half a year for the bank settlement period since June, short-term financing area tight, market lacks capital injection and complement, 304 stainless steel with traders defensive willing is not enough, serious an exodus from each other.
today's domestic pig iron market basically stable, the market volume is relatively light. Tiejingfen upstream market basically stable, and the coke prices continued weakness, the pig iron cost support wanes. Downstream steel market remained stable, opinions vary on afternoon, steel procurement steelmaking pig iron enthusiasm is not high, price of 304 stainless steel belt phenomenon is common. As a result, the steelmaking pig iron market continues to maintain a weak situation. Foundry pig iron market is relatively flat, foundry sourcing for cautious, basic increases with the increasing use of exploitation. Situation at the moment, and iron in the short term the market will remain weak consolidation pattern. At present, the market demand downturn situation did not see signs of improvement, from the point of the relevant economic data, the short-term rebound in demand a non-starter. Steel prices run mainly affected by the ore price, output, and money. Ore price, because the port mouth low inventory situation continues, although clinch a deal the previous shrunk, but not in the steel mills of the comprehensive production background, ore price is relatively stable, are less likely to fall sharply, short-term shocks sideways in the majority. Yield surface, at current prices and ore price calculation, almost all mills will lose money, but forcing steel production needs certain process. And, for now, steel mills cut production, limit production is still low, the market short-term supply, to form a larger market pressure. And money, half a year for the bank settlement period since June, short-term financing area tight, market lacks capital injection and complement, 304 stainless steel with traders defensive willing is not enough, serious an exodus from each other.
