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At present still with - 304 stainless steel with micro stimulus Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-11
304 stainless steel belt this week to continue to weak, the current market situation, next week is expected to continue to decline.
Investigate its reason, mainly include the following: 1, market off-season, downturn in the downstream end procurement market clinch a deal the disadvantaged, merchants and steel mills delivery was poor.
2, cost down, including market delivery costs decline, this week in iron ore and steel billet, especially low billet prices fell to years, Chinese steel production costs down, in the province of steel mills cut the ex-factory price, the market cost of support to fall further.
3, money to suppress low frequency current.
As the end of the year, the market funds pressure remains tight, delivery pressure, at the same time will slash shipment will still relatively strong.
Comprehensive above, zhengzhou is expected next week the market will continue to decline.
Due to the lack of market resources, steel mills in new stock is added slowly, the first half of the week inventory shortage continuously, and downstream on-demand procurement, the relative balance between supply and demand, traders mentality, accompanying the shipment.
But with the city, the second half of the week the goods late and expected the arrival of the goods will increase, merchant shipping enthusiasm generally rise, the market go low cargo operations increased obviously, the mainstream back down to 3090 - as of Friday
3130 yuan/ton.
For next week, considering the local price is relatively short, the new stock continues to supplement, under the present situation of oversupply, next week is expected to price consolidation weakening.
according to the domestic economy remained weak, based on the need of economy, the National Development and Reform Commission recently to intensive reply infrastructure investment projects, and the swimmer to transportation construction. Overall, micro stimulus is still, the current 304 stainless steel band but due to the economic situation in the future market concerns, together with the policy effect is difficult to immediately, so it is difficult to produce significant support to hong kong-listed macro. The current imbalance of supply and demand serious drag on hong kong-listed run, short-term steel prices to reverse weak. In the northeast sales have largely stalled, but has certain market demand in the south, and because of shortage of prophase drive prices up, now the south market resources price on the high side, steel mills in more profitable, north south high enthusiasm. But as the weather gets colder, the southern demand also will continue to shrink, supply, and combined with near the end of the whole steel industry chain stress of funds, weak late is expected to price swings. The hot roll of the overall trend is still weak, weak market demand, clinch a deal, steel mills for market is also reduced, mainly export-oriented, lead to the domestic market demand resources, pricing and the steel flat surface of the steel market outlook is also waiting to give priority to, do not look good afternoon, the recent spot market prices, weaker futures market continued to fall, lead to lack of confidence in the market. The recent iron ore and other raw materials prices, weaker steel cost is reduced, and the market demand and hard to improve, are expected to be weaker in late 304 stainless steel belt policy stability of.
according to the domestic economy remained weak, based on the need of economy, the National Development and Reform Commission recently to intensive reply infrastructure investment projects, and the swimmer to transportation construction. Overall, micro stimulus is still, the current 304 stainless steel band but due to the economic situation in the future market concerns, together with the policy effect is difficult to immediately, so it is difficult to produce significant support to hong kong-listed macro. The current imbalance of supply and demand serious drag on hong kong-listed run, short-term steel prices to reverse weak. In the northeast sales have largely stalled, but has certain market demand in the south, and because of shortage of prophase drive prices up, now the south market resources price on the high side, steel mills in more profitable, north south high enthusiasm. But as the weather gets colder, the southern demand also will continue to shrink, supply, and combined with near the end of the whole steel industry chain stress of funds, weak late is expected to price swings. The hot roll of the overall trend is still weak, weak market demand, clinch a deal, steel mills for market is also reduced, mainly export-oriented, lead to the domestic market demand resources, pricing and the steel flat surface of the steel market outlook is also waiting to give priority to, do not look good afternoon, the recent spot market prices, weaker futures market continued to fall, lead to lack of confidence in the market. The recent iron ore and other raw materials prices, weaker steel cost is reduced, and the market demand and hard to improve, are expected to be weaker in late 304 stainless steel belt policy stability of.
