In China's stainless steel belt industry deep hard to ease - the excess of supply and demand contradiction Tianjin stainless steel co. , LTD

Recent raw material prices, stainless steel belt futures also bounced back to drive the spot market, combined with the hebei limit production to promote hong kong-listed rebound, superposition of a series of good news, the market mentality, steel market ushered in the long-awaited rebound. On the rise, think better continuity, first of all, the national launch of relevant policies to the solution of the fundamental problems of steel chain has a certain role; Secondly, steel prices have been low, steel mill resources rhythm slow down, the base of this for the price; Again, business inventories low, specifications, even in the next week the arrival of the goods under the condition of increase, merchants will not significantly increased selling pressure. Construction steel prices or the next week is expected to consolidate strong trend. Multiple positive release, the recent rise in spot steel prices decline, the raw material market continued strong, cost support gradually strong, but the international market fluctuations in the price of stocks and commodities, the spot market uncertainties still exist, the steel price in the short term or shock strong operation; Cold-rolled market weak steady consolidation run this week, due to large businesses selling pressure still, enough resource market at a low price, stainless steel with more competitive prices, coupled with cold and hot rolling gap is bigger, cold-rolled recovery is restrained, is expected in the short term cold-rolled market stabilization operation carefully. This week run cold-rolled market weakening slightly, although the periphery of a series of positive influence on cold-rolled market is limited, has failed to respond to the downstream demand, pricing in November and steel mills cut is given priority to, weakened the merchants inflation expectations as well as the cost of support; Into the second half, the fund pressure and will return to the market, not eliminate the phenomenon of price for volume is expected next week cold-rolled prices continued weak finishing operation. Short term support is insufficient, stainless steel belt shock bottoming, nickel material price is temporary, but still have large downside risk. Demand release expectations are not high, and the economic operation pressure, market confidence boost. Clinch a deal stock market decline, but no signs of improvement, continuing to conservative operation, cautious wait-and-see. Next week is expected to domestic stainless steel price stability is given priority to, Aaron nickel continued weak will be lower. Parts to a week market volume surged, the highest since August volume, prices rose 20 - 30 yuan/ton, and then state recovery coking coal fuels such as import duties, this good news makes coking coal, coke, iron ore, rebar futures rebound at the same time, then the billet prices continue to rise, makes the spot market price will strong, stainless steel belt businesses generally adjusting shipments rhythm. Upstream of good news, but the stock market is still become a worrying problem, still need to be improved, so the supply and demand, the construction steel market overall slow strong trend.
period steel drag, weak demand fundamentals, funds down, steel stress, cost support of excess supply is the main reason for the steel prices continue to fall. And there are many uncertain factors in addition to the phase of the steel, the rest are difficult to see clear signs of improvement; Overseas mines continue to expand production, China's steel demand growth is not optimistic. In China's economy will continue to fall in a downward cycle, the iron and steel demand growth is a foregone conclusion, and will not strong, such as steel production actively lead to China's stainless steel belt industry deep serious excess of supply and demand contradiction is difficult to ease, the steel price is expected to downlink channel for a long time.