After supply pressure will be increased - 304 stainless steel belt Tianjin stainless steel co. , LTD
by:Hongmei
2020-09-11
At the end of 304 stainless steel belt up before they fall, basic to steady itself;
Maintain good to stock market, but demand than previously expected slightly;
Weak economic situation, steel, raw material supply pressure to return to the high cost of the bottom are on the market caused a degree of repression, so in the coming in May, the market will be how to deduce, please follow the author into today's discussion.
Early by skyrocketing steel billet steel and in a short time, the spot steel prices in a wave of rapid recovery, and the long steel prices rise trend is to a certain extent, to stimulate the intermediary market and part of terminal with bottom replenishment;
But as the intermediate huang goods end, steel prices rebound to a certain height after clinch a deal the stress significantly.
To start mid month, in the period of continuous steel callback and inventory efforts to slow effects, such as steel prices return to weak, after adjusting prices rise;
Dash forward show at the end of a lot of positive stimulus, steel price pressure against the funds gained momentum strong and solid foundation for the coming may.
Rapid rebound, steel billet, import ore especially;
Increase but it appears mills is not buying it. After purchasing is very cautious, raw material market short-term surge behavior failed over, the second half to shock the weak market.
In less effective trading day, plus holiday atmosphere heavier, the domestic steel market last week trading atmosphere obviously weak;
Although there are a certain amount of the replenishment before purchasing terminal, but because of money tight and afternoon hold wait-and-see attitude, purchasing power are limited;
Steel plant resources, the arrival of the goods is increasing, so 304 stainless steel market with strength is limited by certain inventory, key cities for the steel inventory is to realize the 'nine straight' society, but decreased significantly lower, medium thickness plate and other varieties of individual stocks continue to modestly.
Market feedback, negative is gradually increasing, 'financing' risk continues, import ore prices fell to near $100 mark, billet during the holiday season with weak rebound, coking coal and scrap steel overall stabilisation, spot the cost of steel support obviously inadequate;
Therefore stability weak patterns in galvanized round steel manufacturers.
Steel production is still remain high supply pressure continues to increase.
After the middle of April, China's crude steel output hit a record high, steel mills have been maintaining higher production enthusiasm, mainly the lower raw material costs, according to the steel town of tangshan steel current starts to climb back to 88.
65%, although weak steel prices, but steel mills have a certain profit space, is expected in May, the cut is unlikely;
Spot, meanwhile, businesses continue to give priority to with low inventory operation, affected by the financial constraints and insufficient confidence in afternoon, merchants' enthusiasm is not high, order inventory pressure to steel mills internal transfer, has forced steel mills continue to cut ex-factory price to attract orders;
So the supply pressure will be increased after 304 stainless steel belt.