Businesses for the current market judgment is not optimistic price consolidation more likely - stainless steel belt
Tianjin stainless steel co. , LTD
Businesses for the current market judgment is not optimistic price consolidation more likely - stainless steel belt
Tianjin stainless steel co. , LTD
by:Hongmei2020-09-05
From the perspective of a short-term situation, as the weather turns cold, gradually decline in demand, on the circulation market resources gradually, domestic steel prices weighed on risk continues to increase, the late stainless steel with lower operation will continue.
From the point of demand, as the steel production continued high, while the downstream demand fall further, investigate its reason, the most main is seasonal, rain and snow weather, north building engineering construction progress almost stopped, with further the weather turns cold, demand will continue to weaker.
And in the face of weaker demand in the previous years, there is part of the chamber of commerce to a certain amount of stock up to trade, there are still some trading on the market, this year, the businessman had winter will is weak, so neither actual demand, nor had winter demand, makes the market clinch a deal in a low.
And on the eve of Spring Festival, as temperatures continue to fall, demand, in addition some traders holiday ahead of time, into the collection, the end of inventory, such as finishing touches, makes overall demand fell to lows.
in the short term, with the rise of the risk of deflation, downward pressure on economic increase, is expected to further ease monetary policy also.
Due to the decline in real estate investment growth, demand is weak, weak bank credit to the real economy support, hong kong-listed depressed demand situation.
In the steel industry supply side pressure, before more drastic policy stimulus, steel prices or difficult to get a boost.
Yesterday domestic construction steel has a steady and fall, the overall is still weak.
Gradually loosened recently cost support, the spot market clinch a deal the malaise, but a week on the sidelines is thicker, and screw continued high and volatile, so in addition to the north China, south China or relatively obvious, stainless steel belt around other slightly more weak.
As is known to all, the changeable weather is caused by the greenhouse effect, and from the perspective of the fog weather of in recent months, air pollution is the first source.
For the steel price movements, in addition to large production, country to begin a new round of reform, structural adjustment and transformation and upgrading is the main reason caused this phenomenon.
This month, coke prices running smoothly.
This month production decline further, with the stainless steel market support is abate, some steel mills to coke demand intention, and coking enterprise inventory low, given the current market has no intention of pricing, wait-and-see atmosphere thick gradually.
The domestic market price of coke next month is expected to continue to run smoothly.
And scrap steel market, the current scrap steel market low price, low inventory operation, but in the case of imported ore prices down for this month, large and medium-sized steel mills purchase scrap enthusiasm is not high, weak market demand.
So next month is expected to domestic scrap steel market will continue to be weak.
Since the second half of the environmental protection policy for timber and bad raw material, the compression causes a decline in the demand for raw materials of production, leading to the recent raw material prices down as a whole.
But it is worth noting that the current steel raw material inventory as a whole is low, cannot satisfy the need of had winter, periodic inventory demand release, or will be late to price formation must be supported.
So next month is expected to raw material price drop is limited, the overall will give priority to with narrow range.
Market, the market continued to weak yesterday, the current phase steel mills and steel did not support the price is higher, on the contrary, the pressure of weak demand and steel capital market is difficult to have a big difference.
Market traded mostly is on-demand procurement, and traders and on-demand restocked.
National standard resources relatively stable.
Comprehensive market, merchants for the present stage market judgment is not optimistic, stainless steel belt price consolidation.