Clinch a deal market weakness - 304 stainless steel belt Tianjin stainless steel co. , LTD
by:Hongmei
2020-09-12
Current market demand off-season signs increasingly obvious, so while the stimulation of good news constantly, but not overall rallied 304 stainless steel belt.
Given policy only temporarily in macroscopic aspect, still have to wait for late fall to the ground conditions, most merchants are waiting to see that part of the produce bags for ideas, so in the short term precision tube price volatility are not reality.
The recent domestic market overall positive than negative;
Meeting sure next year to environmental protection, dissolve the local government debt risk prevention and control of excess production capacity, will be as the main work, for the iron and steel industry, steel production, limit production operation will drive high output more likely to continue to fall.
As stocks continued to fall, and at the end of the market with the enthusiasm is low, so the short-term hong kong-listed also will continue to be in the pattern of supply and demand two weak, and the policy of good will continue to support steel prices;
But at the end of the market mentality is relatively cautious, the operation is not so positive, therefore, the author thinks that the recent domestic price also will continue to slightly adjust the pattern.
Steel pipe market in the fourth quarter of this year, most of the area below the low price;
Sample losses do not change, there is no rebound sign;
The market to maintain price stability, light pattern.
In the backdrop of the seasonal demand continues to weaken, the cost of raw materials is difficult to rely on support factors, strained money markets by the end of pressure increase, the downward pressure on the formation of market.
But considering market has experienced a long period of time of hitting a bottoming process, afternoon 304 stainless steel with basic controllable market prices decline, the whole is given priority to with weak.
Raw materials, billet and tube billet prices recently also is relatively stable, the upstream price changes is cautious.
As the important factor in steel futures aspects is also rose slightly in the finish.
Positive policy of macro aspect is still not big, but almost a period of management information, to ensure economic growth it also as the only factor to boost market confidence.
After all, under the condition of weak demand market now can't find confidence.
In addition to the local, so coming from the off-season is the remaining two months time, if the market is still not improved this year's market will also be an end.
To sum up, the short term the market will continue to stability.
Currently on the market trading atmosphere to continue from last week turned pale, and by the weekend mainstream line manufacturer policies continue to fall, the price of steel billet continuously cut last weekend, now make the business to the bearish psychology before increased, thus stimulating the today's mainstream offer continued steady down adjustment.
But there are also some second-line steel mill production plan and new locks are single prices rose slightly, etc, thus stimulates the minority market prices rose slightly.
For tomorrow, considering short-term negative will still dominate, mainstream offer tomorrow is expected to continue weak down adjustment.
A declining domestic steel market.
Steel and weaker forward disk, spot market pessimism.
Close to year end, the more weak downstream demand, 304 stainless steel belt market clinch a deal the weakness, forcing businesses offer down to facilitate delivery.
In addition, the national steel inventories in addition to cold rolling and a few other species declined slightly, other were significantly higher, upgrade the contradiction between supply and demand, steel prices downward pressure is unavoidable.