Expect after 304 stainless steel belt remain weak stability pattern - Tianjin stainless steel co. , LTD

304 stainless steel with weak market steady operation this week. Clinch a deal in the downstream steel failed to respond to all, the raw material support strength is weak, and the north part of steel domestic ore procurement price rise and fall now, market is strong wait-and-see atmosphere. But at the end of the year around mine enterprises shut down ratio rose to a peak, strained resources, mine choose rised, imagine more and more obvious, lead to small and medium price and large ore dressing plant, almost flat. The whole, import ore into oscillation cycle, but the finished material moves down whole, ore market rebound resistance is bigger, is expected to domestic ore continuation of lukewarm state next week. Downstream for billet increases with the increasing in mining, the businessman pessimism, steel mill maintenance increased, but the market supply pressure is still difficult to alleviate, short-term weak hard to change. Jiangsu line screw stability and fall, light volume, downstream for billet on-demand procurement, market demand has continued to shrink, afternoon bearish sentiment thick, lianyungang, xuzhou 20 mnsi steel billet mainstream steady - 2200 2220. South China line screw slightly lower, light volume, downstream of 304 stainless steel with procurement cautious, merchants wait-and-see sentiment strong, is impacted by the northern low resources, expected short-term continued weakness. Vulnerable stabilizing the price of steel billet, after early crash has made manufacturers don't have much profit to be made, so the recent start repair steel increase gradually, some traders have holiday ahead of time, volume more cold and cheerless, expected short-term billet prices still low consolidation is given priority to.
if iron ore prices continued drop, billet cost support will be weakened, and the supply and demand and the macro is still difficult to improve, the market will eventually return to rational, expected after pared gains, second half continue around 2400 shock consolidation. Pipe generally held steady this week, clinch a deal the insipid. Raw material in narrow fluctuations, tube factory pricing carefully, intentionally with inertia, between the National Day inventory, flexible measures. Market pessimism, temporarily don't believe in 'silver ten' quotation; More than a few stock, single drained away. Internode pipe market price or is expected to steady small rise. From the demand level, quite a number of domestic cities gradually on property restrictions unbundling, real estate industry for the good of the policy, the enthusiasm of real estate development will be improved, is good for late steel consumption, 304 stainless steel belt requirements are slow to good sign. But whether it is under the high inventory of raw material market decline, or the weakness of the market mentality level does not change, is a negative factor. Resulting composite is expected in October are hard to appear together to push the city to the good market factors, but still have super fell back and periodic demand release increases. In September for holiday market, due to HSBC manufacturing PMI final value is still lower than expected, the macro environment still deviation, and the stimulus nor periods, industry overall situation is still grim. Specific to market fundamentals, the influence factors have not been significantly positive signs, still bearish market as a whole atmosphere, coupled with the merchants of late bears much, after pulling up inertial behavior is difficult to appear; Moreover steel mills in iron ore prices are still not comprehensive price increases during test, individual manufacturer to attract behavior to influence the general situation of supply rises, so the market price lack of upward momentum, expect after 304 stainless steel belt remain weak pattern, pull up hope or difficult to come true.