Chinese 304 stainless steel market short-term kinetic energy - is difficult to form the market rise Tianjin stainless steel co. , LTD
by:Hongmei
2020-09-13
Although the market upward trend obviously, but domestic 304 stainless steel belt still offer a lower price.
It is reported that the national average inventory sample injection coal mills and the number of days available performance slightly increase.
Part of gradual recovery of production in local small mines, but it is not common, the situation of steel mills to purchase prices does not say, think the raw material market is eager to raise price is unwise.
At the macro fundamentals requirements is not very clear, recent domestic injection coal market is expected to low consolidation.
Regional coke market trading atmosphere is good, clinch a deal the situation is relatively stable;
Recent part of shanxi coke prices decline, the coke market support strength weakened, is likely to cause a chain reaction, to further expand the area of down, now the market pessimistic mood, but the coking plant of inventory is low, steel mill of coke prices adjust the cautious attitude, a lot of falling prices, in the short term it is difficult to market is expected to continue consolidation run low.
Volatile market trade practices is very afflictive, does not fear the rally in and they were afraid to oscillate momentum or downward, most of the trade agent is being dragged on the ground to die.
Weak derivatives market yesterday, in the physical market immediately follow suit, and a slump in shipments in mines in November make December port inventory positive support to the recent spot ore recovery, mine shipments back to the previous level, and hit a record high, traders didn't take the goods on port decisions are right, clinch a deal the losing, river steel price has failed to survive the price, demand in where?
Rely on falling inventories to judge the trend of iron ore is too far-fetched, as long as mine the delivery rhythm change another wave fall.
Nationwide, the ore price performance is still the overall weaker, the north China region, some steel mills are still at a lower price but the loading situation is bad recently, mills said may want to observe a few days more, in addition, some large shipments of ore is not very optimistic, as a result, domestic 304 stainless steel with a rise in short-term market is difficult to form the market momentum.
Part of domestic ore market recent change in the space is not large, small-scope fluctuation under different leading steel procurement policy.
distracts from coke prices this year and previous years, not only for the traditional 'golden nine silver ten', before the Spring Festival had winter has not come, and just entering the coke market in 2015 has dropped in the round. Coke enterprises think coke nearly five months of steady signal coke prices bottomed, coupled with the recent slump in coking products due to the international crude oil fell sharply, make the focal companies that there is no profit space miserable, according to the focal companies in north China reaction coke loss of 70 yuan per ton, 45 # seamless steel tube support lower cost in the thought that even if the steel mills had winter consciousness had been weakened gradually in recent years, unable to drive the coke prices, but also won't have to fall, so this round of leaning is beyond the scope of the market expectations. Downstream of the current price of steel billet in shipment better stimuli has slightly pull up, but because of the policy surface bearish, steel mills and fund, the environmental pressure, export form is not optimistic, only through suppression of raw material prices to reduce costs, but the focal companies respond with low inventory strategies steel produced, which makes the steel mills more cautious to adjust the price of coke. Overall, in under the influence of uncertain factors such as the weather was not that of 304 stainless steel with lower inventory, in the short term is difficult to appear large range with falling phenomenon, but does not rule out a few small regions fall phenomenon.
distracts from coke prices this year and previous years, not only for the traditional 'golden nine silver ten', before the Spring Festival had winter has not come, and just entering the coke market in 2015 has dropped in the round. Coke enterprises think coke nearly five months of steady signal coke prices bottomed, coupled with the recent slump in coking products due to the international crude oil fell sharply, make the focal companies that there is no profit space miserable, according to the focal companies in north China reaction coke loss of 70 yuan per ton, 45 # seamless steel tube support lower cost in the thought that even if the steel mills had winter consciousness had been weakened gradually in recent years, unable to drive the coke prices, but also won't have to fall, so this round of leaning is beyond the scope of the market expectations. Downstream of the current price of steel billet in shipment better stimuli has slightly pull up, but because of the policy surface bearish, steel mills and fund, the environmental pressure, export form is not optimistic, only through suppression of raw material prices to reduce costs, but the focal companies respond with low inventory strategies steel produced, which makes the steel mills more cautious to adjust the price of coke. Overall, in under the influence of uncertain factors such as the weather was not that of 304 stainless steel with lower inventory, in the short term is difficult to appear large range with falling phenomenon, but does not rule out a few small regions fall phenomenon.