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Imbalance between supply and demand makes the prices are down - 304 stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-08
Restricted by seasonal factors such as weather, currently 304 stainless steel belt is no good news, winter construction of season comes, demand is limited, especially in the north of the almost stagnant demand;
Merchants manifest pessimistic, expected short-term domestic construction steel market consolidation to weaken the possibility of more, steel pricing in the case of insufficient demand fundamentals will continue to fall.
Markets aren't quite ready for the major policy dividend, especially steel market is more disappointed;
North because of the rain and snow, low outdoor projects demand for steel ground to a halt, and the southern region while construction is normal, because of the implementation of the steady growth and demand is the release, but worry about the north south sales pressure, this good basic is diluted.
the hong kong-listed two problems: one is the domestic production pressure have been postponed. Under the background of 304 stainless steel belt of incremental demand, pressure is obvious. It is understood that the current tangshan blast furnace operating at up to 95. The high of 23%. 2 it is to enter the winter, most of the construction site shutdown, building social stock for a few weeks back, the steel mills continue to cut the ex-factory price and the spot prices of common reflects the downstream demand is getting worse and worse. Under the background of high supply, cost support co. , LTD. , the actual decline in demand for the confidence of investors will have a negative impact, downward price may increase further. Late for the concerns of the sharpening contradictions between the supply and demand. Wu Fei thinks, at present the steel mill to keep purchasing raw materials for production, and the need of reserve before and after the winter and the Spring Festival, in the short term there is support for the price of raw materials. But the longer term, the supply of iron ore on the rise, there is a big price pressure, and price fluctuations will be more and more big. 304 stainless steel belt price changes are likely to be more frequent.
to boost from the spot market is not large, scrap steel market is still weak, finished product material spot transaction is no substantial improvement. Mostly because the downstream site work is nearing an end, few purchases; In addition, in December in the rich treasure of vendors had winter attitude survey, going to zero inventory for the winter of this year than in 64. 7%, this year we had winter passion has halved in half again, powered by had winter force of steel scrap rise is unlikely, is expected to decline in weak situation, or will continue. In addition to December calendar year prices similar marketing hype, theme this year is the biggest difference between the main iron ore, rebar before rising year mining expansion capacity has not released, iron ore prices have certain support effect on rebar. Iron ore supply and demand pattern has changed this year, four mines suffered serious challenge to the monopoly of imbalance between supply and demand makes the 304 stainless steel prices are down.
the hong kong-listed two problems: one is the domestic production pressure have been postponed. Under the background of 304 stainless steel belt of incremental demand, pressure is obvious. It is understood that the current tangshan blast furnace operating at up to 95. The high of 23%. 2 it is to enter the winter, most of the construction site shutdown, building social stock for a few weeks back, the steel mills continue to cut the ex-factory price and the spot prices of common reflects the downstream demand is getting worse and worse. Under the background of high supply, cost support co. , LTD. , the actual decline in demand for the confidence of investors will have a negative impact, downward price may increase further. Late for the concerns of the sharpening contradictions between the supply and demand. Wu Fei thinks, at present the steel mill to keep purchasing raw materials for production, and the need of reserve before and after the winter and the Spring Festival, in the short term there is support for the price of raw materials. But the longer term, the supply of iron ore on the rise, there is a big price pressure, and price fluctuations will be more and more big. 304 stainless steel belt price changes are likely to be more frequent.
to boost from the spot market is not large, scrap steel market is still weak, finished product material spot transaction is no substantial improvement. Mostly because the downstream site work is nearing an end, few purchases; In addition, in December in the rich treasure of vendors had winter attitude survey, going to zero inventory for the winter of this year than in 64. 7%, this year we had winter passion has halved in half again, powered by had winter force of steel scrap rise is unlikely, is expected to decline in weak situation, or will continue. In addition to December calendar year prices similar marketing hype, theme this year is the biggest difference between the main iron ore, rebar before rising year mining expansion capacity has not released, iron ore prices have certain support effect on rebar. Iron ore supply and demand pattern has changed this year, four mines suffered serious challenge to the monopoly of imbalance between supply and demand makes the 304 stainless steel prices are down.
