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Expect 304 stainless steel belt market will remain weak - running stage Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-12
Since this year, 304 stainless steel with capacity volume acceleration, and hot rolling yield growth slowed significantly, the market downturn, walk, by the factors such as the weakness of hot rolled plate due to strained resources, downstream diversion ability of supporting power in July and August, including increased relative to other product material shows certain defensive, which has no defensive in September, hot rolled on September crazy killing, hot rolled down by more than 300 yuan per month.
Even so, the spot market for resources matching condition is still able to cause our certain value, the acceleration of hot rolled high-end has been evident, later will continue to support the spot market.
Domestic ore market, hebei area in September price of iron essence pink Yin fell in a row, steel mills for the purchase of domestic ore still cautious.
Imported ore price clinch a deal expected deterioration in the supply and demand, under the influence of the weak, prices fell sharply.
304 stainless steel prices have dropped 41% since this year.
Learned, clinch a deal valence flat domestic ore market mainstream region, imported ore market weak downward, steel procurement price enthusiasm is low, generally low inventory operation.
So the late iron ore will continue to weak.
from the macro perspective. Can the real estate market to analyze. First of all, because real estate become bound to the core carrier of China's economy has become a reality, the development of real estate has become a main regional GDP growth, followed by the development of real estate of the impact on the steel market is quite big, source is fifty percent of the steel market demand. The influence of visible property of the steel market. According to statistics, from January to August, according to data from the real estate market operation 304 stainless steel with commercial housing sales area fell 8. 3% in July to expand 0 drop to 1. 7%. Commercial housing sales fell 8. 9% decline than the first seven months of 0. 7%. From the above reflects the objective data, the current real estate is increasingly depression stage, although in most cities have canceled or relax restrictions to save the current real estate downturn, but it's not hard to find these policy to the housing industry stimulus. After a loosening policy for purchasing real estate, the bank limit credit loosening policy also cause for concern. If the policy is widely implemented, or will soon be able to see real estate business. Now the real estate market at the depth adjustment stage, end demand is still weak. At the same time, the main downstream steel industry in the off-season, the hong kong-listed demand slow further.
in three ways, first, because of the hong kong-listed of weak market, steel billet market in the late without a good support, will remain weak steady running, secondly, the raw material market of iron ore for steel purchasing motivation is low, also for the strong and weak phenomenon still exist, and the influence of steel mills in low inventory operation, also will continue to weak, finally, tight finances, macro and there was no positive policy of boost market confidence, is expected to 304 stainless steel market will remain weak operation stage.
from the macro perspective. Can the real estate market to analyze. First of all, because real estate become bound to the core carrier of China's economy has become a reality, the development of real estate has become a main regional GDP growth, followed by the development of real estate of the impact on the steel market is quite big, source is fifty percent of the steel market demand. The influence of visible property of the steel market. According to statistics, from January to August, according to data from the real estate market operation 304 stainless steel with commercial housing sales area fell 8. 3% in July to expand 0 drop to 1. 7%. Commercial housing sales fell 8. 9% decline than the first seven months of 0. 7%. From the above reflects the objective data, the current real estate is increasingly depression stage, although in most cities have canceled or relax restrictions to save the current real estate downturn, but it's not hard to find these policy to the housing industry stimulus. After a loosening policy for purchasing real estate, the bank limit credit loosening policy also cause for concern. If the policy is widely implemented, or will soon be able to see real estate business. Now the real estate market at the depth adjustment stage, end demand is still weak. At the same time, the main downstream steel industry in the off-season, the hong kong-listed demand slow further.
in three ways, first, because of the hong kong-listed of weak market, steel billet market in the late without a good support, will remain weak steady running, secondly, the raw material market of iron ore for steel purchasing motivation is low, also for the strong and weak phenomenon still exist, and the influence of steel mills in low inventory operation, also will continue to weak, finally, tight finances, macro and there was no positive policy of boost market confidence, is expected to 304 stainless steel market will remain weak operation stage.
