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In the 304 stainless steel will take is expected to continue steady consolidation - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
Last week, clinch a deal the poor raw materials, steel increases with the increasing in use, keep low inventory, 304 stainless steel prices decline continuations.
Because businesses with the low motivation and leading steel mill access to leak more recently, steel social inventory slow down continues to accelerate, but demand release is still not ideal, HSBC manufacturing PMI initial value in March a new low eight months, suggesting that demand is still weak.
This week at the end of the month, merchants fund pressure is increased, dark drop shipping merchants could hasten to add, under the pressure low resources, steel prices appear to pull up the possibility of very small.
However, the recent raw material decline narrowed, accelerating the shipping market, the cost of decline eased, this week is expected steel prices falling space or limited, steel prices overall or give priority to with slightly weak consolidation.
monitoring data show that at present, chongqing anti-corrosion steel pipe has dropped for three consecutive weeks, inventory levels have cut from the same period a year earlier. 96%, the market gradually reduce inventory pressure. The personage inside course of study says, as the weather improves, procurement demand picks up, steel inventory digestion obviously, and the policy level release steady growth expectations, steel spot prices falling to stabilization. But because at present the various economic data generally bearish, downward pressure on economic increase, the market will continue to tighten level money, therefore, short-term steel prices will not rebound. There are also factors more than three Italian market. One is the downstream demand is seasonal, this contributes to the decline in steel finished goods inventory, and the improvement of the capital chain; Now, at the beginning of 304 stainless steel belt inventory days by 37 heaven to 25 days, inventory demand always exists; Second is the price of steel is in safe range, further declines in space is limited; Cost of domestic ore prices have also dropped to near the line, if prices continue to fall, the decrease of domestic ore supply will be conducive to the support of the market price; Part three is the callback after the current round of market, market downside risk release, miners for ore prices this year the central down have a psychological preparation.
the great part of the early market negative degree has been released, combined with the traditional demand season is coming, in the short term, chongqing anti-corrosion steel pipe prices fell below $100 / ton is quite limited, the possibility of market should be a technical rebound after the crash. But the fundamentals from iron ore to the downstream steel industry is still not completely turn for the better, it is difficult to support prices continued to rebound, if the downstream demand release below expectations, iron ore prices are still shock weakening again, but the callback rate is expected to less than this. With today's stage screw, such as hot rolled forward transactions price high open operation, make the part of the market end demand purchasing motivation has increased, but a slightly different spot market reaction of every trade, especially with settlement policy developed at the end of section steel plant, so that all the merchants in their own inventory under different pressure, today's price stability to fluctuate up or down. Overall, as the exchange market, the recent performance is good, will be more partial businessman stable mentality, but at the same time does not rule out some merchants due to the difference of each manufacturer settlement policy and then a slight fluctuation, is expected to 304 stainless steel will take consolidation will continue.
monitoring data show that at present, chongqing anti-corrosion steel pipe has dropped for three consecutive weeks, inventory levels have cut from the same period a year earlier. 96%, the market gradually reduce inventory pressure. The personage inside course of study says, as the weather improves, procurement demand picks up, steel inventory digestion obviously, and the policy level release steady growth expectations, steel spot prices falling to stabilization. But because at present the various economic data generally bearish, downward pressure on economic increase, the market will continue to tighten level money, therefore, short-term steel prices will not rebound. There are also factors more than three Italian market. One is the downstream demand is seasonal, this contributes to the decline in steel finished goods inventory, and the improvement of the capital chain; Now, at the beginning of 304 stainless steel belt inventory days by 37 heaven to 25 days, inventory demand always exists; Second is the price of steel is in safe range, further declines in space is limited; Cost of domestic ore prices have also dropped to near the line, if prices continue to fall, the decrease of domestic ore supply will be conducive to the support of the market price; Part three is the callback after the current round of market, market downside risk release, miners for ore prices this year the central down have a psychological preparation.
the great part of the early market negative degree has been released, combined with the traditional demand season is coming, in the short term, chongqing anti-corrosion steel pipe prices fell below $100 / ton is quite limited, the possibility of market should be a technical rebound after the crash. But the fundamentals from iron ore to the downstream steel industry is still not completely turn for the better, it is difficult to support prices continued to rebound, if the downstream demand release below expectations, iron ore prices are still shock weakening again, but the callback rate is expected to less than this. With today's stage screw, such as hot rolled forward transactions price high open operation, make the part of the market end demand purchasing motivation has increased, but a slightly different spot market reaction of every trade, especially with settlement policy developed at the end of section steel plant, so that all the merchants in their own inventory under different pressure, today's price stability to fluctuate up or down. Overall, as the exchange market, the recent performance is good, will be more partial businessman stable mentality, but at the same time does not rule out some merchants due to the difference of each manufacturer settlement policy and then a slight fluctuation, is expected to 304 stainless steel will take consolidation will continue.
