Domestic stainless steel belt down slightly - this week Tianjin stainless steel co. , LTD

Domestic stainless steel belt fell this week, steel price adjustment were mixed, east China, central south area steel plant is given priority to with steady increase in price, the north and west area steel prices to decline. Shagang group it is important to note that in the early stage of the require notify the agent on April 3 period from April 30 to account and complete the plan, overdue will not guarantee the planned resources, make the market of shagang in early may. The factory price will be increased expectations of strong, but in the end, shagang ex-factory price flat, shagang group reflects the market outlook is still cautious. The current terminal demand remains weak, the agent order enthusiasm generally is not high, still have large inventory of iron and steel enterprises and capital pressure, in order to make sure the contract order is given priority to, pretty price intention.
data show that, despite the good weather this week futures also appear relatively substantially rise in first week, but did not form a boost demand for the spot market, the end user purchase weakness, middlemen, generally also disappointing performance market clinch a deal. Lacking the support of demand, steel prices in the first half weeks eke out strong, the second half of the week and into Yin down trend. Last week, the domestic steel market prices, after the punching and high fall into a pattern of shock consolidation. June delivery slow by foreign mines and BHP billiton to delay plans to increase production, iron ore futures prices jumped sharply again, hit harden. By this impetus, billet prices continue to lift, stainless steel belt traders try to push up prices, steel spot prices sharply higher, but the market trading slightly insufficient, shipment. Subsequently, Rio's insistence on plans to increase production and continuous collapse in the stock market sharply, steel forward market, prices in shock, impact of spot market confidence, steel prices gradually enter a state of consolidation, and back slightly, clinch a deal market also gradually decline. In general, the continuous rise, the market continue to push up the power shortage, steel prices will fall. From steel production, iron and steel industry in April PMI component production index rebounded sharply in March 10. 2% to 49. 4%, the highs of nearly eight months. In may, according to relevant investigation, eight steel, steel, liuzhou iron &steel group co. are presented. the Long Gang plan output rise, wire rod and rebar sample enterprise may output per day is April 3, respectively. 40000 tons and 2. 40000 tons. Their enthusiasm again reflects the current production and capacity utilization rebounded significantly. But the current steel export situation is still good, in April, China's exports of 8. 54 million tons of steel, the increased sharply last month, 840000 tons, year-on-year growth of 13. 3%; 1 - Total exports of 34. 31 million tons of steel in China in April, an increase of 32. 7%. Strong growth in steel exports, to alleviate the pressure of the domestic market supply has played a positive role. Imported ore prices rebounded sharply recently, clinch a deal on domestic ore form a certain support, minmetals han xing bureau (iron essence pink ex-factory price. But because the market volume is not large, stainless steel belt most traders still is given priority to with watching, careful operation.