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In the late 304 stainless steel with price more likely to weaken - again Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-06
Main domestic ore market steady operation, individual regions agent rose slightly.
Recently domestic steel mills to raw material purchasing prices basically stable, but because of the ore is relatively strong performance, combined with the circulation of ore resources, tangshan and liaoning regional ore dressing plant slightly raised ex-factory price, but still the supply-side unilaterally pull up, 304 stainless steel band recognition is not high.
Taken together, obvious decline in crude steel production data, short-term ore demand is restrained, difficult to form the overall upward momentum, but the current domestic ore price competitiveness gradually restored, basic can break early continuously under the situation, the recent domestic ore market is expected to give priority to with stability.
In the long run, the real estate -
Market will be longer, slower, deeper l-shaped adjustment, medium growth - or will become the floor
City for the future development of the new normal.
The news seems to be good for hong kong-listed late growth good support, but as currently envisaged, hong kong-listed turned very hard, in mid-january shagang ex-factory price continue to cut, high speed wire rod, plate screw thread, 30.
Demand in the off-season, finished product material movements cannot alter downturn, now the vendors are not bullish, 'had winter' basic be rejected by the businessman;
Plus billet dropped sharply, 304 stainless steel belt this week may be spent in the price.
over the weekend, the billet market tumbled to tangshan region, has dropped sharply, amounting to 80 yuan on Friday near 2000 yuan mark, cause of bad effect, lead to the domestic steel market continues to decline, the northern area of domestic ore prices down, while the volume is not large, but the formation of the down expectations that makes the market pessimism, the buyer continue to press the purchase price or stop mining, downward pressure on the market. Imported ore market support dynamics is insufficient, port spot prices dropped slightly, the early part of 304 stainless steel with merchants for the market expected to rise, this is price will quite strong, and in the finished goods falling under the weight of steel, has to offer, 'known as' the buyer is still in a state of wait-and-see, combined with dalian iron ore main futures contracts continue to retreat, prompt market is difficult to form a rising power. Expect a recent decline in iron ore market pressure, tight range operation. Downstream for billet on-demand procurement, market demand is difficult to improve, business operation, expected short-term weak hard to change. South China line spiral continued falling, clinch a deal, for billet downstream procurement cautious, outside the magnified losses of steel, merchants bearish sentiment is aggravating, expected short-term losses is difficult to check. Weekend market fell sharply, the businessman and the downstream take a suitable amount of inventory, but the price did not pull up. Because the time limit for a project as the Spring Festival approaches to cease increased, the market demand will continue to fall further, and out of the steel after reflow, further intensify the off-season market supply pressure; Combined with tight finances, inhibition of steel price, expected short-term billet prices low consolidation is given priority to. Temporarily stable prices, the market clinch a deal the big-ticket, terminal weak steel market, low price, clinch a deal the poorly, but the focal companies still maintain a high capacity, if there is no late had winter market digest this part of the increment, the coke market supply will increase dramatically, leading to coke prices fall further, overall, had winter weakening is expected to increase the supply of coke market pressure, in the late 304 stainless steel belt price is more likely to weaken again.
over the weekend, the billet market tumbled to tangshan region, has dropped sharply, amounting to 80 yuan on Friday near 2000 yuan mark, cause of bad effect, lead to the domestic steel market continues to decline, the northern area of domestic ore prices down, while the volume is not large, but the formation of the down expectations that makes the market pessimism, the buyer continue to press the purchase price or stop mining, downward pressure on the market. Imported ore market support dynamics is insufficient, port spot prices dropped slightly, the early part of 304 stainless steel with merchants for the market expected to rise, this is price will quite strong, and in the finished goods falling under the weight of steel, has to offer, 'known as' the buyer is still in a state of wait-and-see, combined with dalian iron ore main futures contracts continue to retreat, prompt market is difficult to form a rising power. Expect a recent decline in iron ore market pressure, tight range operation. Downstream for billet on-demand procurement, market demand is difficult to improve, business operation, expected short-term weak hard to change. South China line spiral continued falling, clinch a deal, for billet downstream procurement cautious, outside the magnified losses of steel, merchants bearish sentiment is aggravating, expected short-term losses is difficult to check. Weekend market fell sharply, the businessman and the downstream take a suitable amount of inventory, but the price did not pull up. Because the time limit for a project as the Spring Festival approaches to cease increased, the market demand will continue to fall further, and out of the steel after reflow, further intensify the off-season market supply pressure; Combined with tight finances, inhibition of steel price, expected short-term billet prices low consolidation is given priority to. Temporarily stable prices, the market clinch a deal the big-ticket, terminal weak steel market, low price, clinch a deal the poorly, but the focal companies still maintain a high capacity, if there is no late had winter market digest this part of the increment, the coke market supply will increase dramatically, leading to coke prices fall further, overall, had winter weakening is expected to increase the supply of coke market pressure, in the late 304 stainless steel belt price is more likely to weaken again.
