Expected short-term domestic stainless steel with weak - Tianjin stainless steel co. , LTD

Although east shagang leading steel plant in this fall rally has yet to have a operation, market traders generally poor mentality, turn first, before working buddy or career change or transformation, in the face of the new normal hong kong-listed, persistence is a road full of thorns. Macro short-term temporarily no major good news now, short-term hard to scrap. South China wire spiral slide, clinch a deal, the downstream for billet procurement cautious, stainless steel belt market weak do not change, merchants bearish sentiment strong, short-term weak stability. Despite the policy limit, but still could not prevent a drop in steel prices, the actual transaction price dark drop phenomenon is obvious. The special manufacturer for collecting funds, at a low price delivery; However, stock prices falling, aggravate the wait-and-see attitude on the market, the downstream and traders all dare not rashly take goods, clinch a deal the realities. At present domestic ore market overall stabilised, in mining enterprise starts to fall, with the approaching of the lunar New Year holiday, late production mining quantity has increased, the domestic ore market circulation resources to reduce the price support play a role, department manufacturers inventory to rise will increase slightly. Imported ore market is in a state of 'subject', the background in the iron and steel industry is still weak, and supply increase, the market price decline in understandable, but along with the increase in domestic mining enterprises to stop production, demand for imports of ore is relatively strong, therefore in the short term, import ore prices or stabilizing bounce. Based on the analysis of factors, in the short term iron ore market signs of stabilising, stainless steel belt going lower probability. Domestic steel scrap market fell slightly, clinch a deal is not high. The current domestic steel scrap market resources circulation is not too much, at the same time, demand is not high also. Steel mills and foundries to scrap steel purchase enthusiasm has been is not high, inventories remain at around ten days, not a lot of storage. Merchant's enthusiasm is not strong, the contract this year since the quantity is not big, a single common discussion. In this case, the recent domestic steel scrap market is expected to last weak market operation. Domestic pig iron market steady weakness, clinch a deal have no obvious change. According to the iron works, from raw materials imported ore prices continue to fall, coupled with the steel market volatility, causes the steel mills for iron procurement cautious attitude, the shipment still is given priority to with previous orders, price is low. At present most of shipments from early fall again, clinch a deal said while individual iron works in good condition, but considering the actual demand downstream and no substantial improvement, iron works to the market outlook is still lack of confidence, don't think the downstream market in the short term will have rebounded sharply. Comprehensive consideration, is expected in the near future domestic pig iron market won't have too big adjustment, will remain stable, individual regions as a whole small oscillation is given priority to. Volume slightly weak, the businessman mentality is more pessimistic. It is understood that the current market in most steel mills have not pricing, main reason is that the focal companies and steel mills there still exists certain objections to pricing, therefore temporarily perform the original price. According to the coke enterprises, minority areas mills coal tar inventory generally remain at 5 - Basic close to inventory the quantity of 7 days or so, bottom line, demand is always dull. At the current situation, weak steel market, price of each type a fall in the market, and has yet to have any good news to stimulate the market, so expect short-term domestic stainless steel with weak operation is given priority to, the price have cut space.