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In the short term demand picks up a non-starter - 304 stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
At present, the market demand downturn is not seen signs of improvement, from the point of the relevant economic data, 304 stainless steel belt in the short term demand picks up a non-starter.
Steel prices run mainly affected by the ore price, output, and money.
Ore price, because the port mouth low inventory situation continues, although clinch a deal the previous shrunk, but not in the steel mills of the comprehensive production background, ore price is relatively stable, are less likely to fall sharply, short-term shocks sideways in the majority.
Of production, at the current timber prices and ore price calculation, almost all mills will lose money, but forcing steel production needs certain process.
And, for now, steel mills cut production, limit production is still low, the market short-term supply, to form a larger market pressure.
And money, half a year for the bank settlement period since June, short-term financing area tight, market lacks capital injection and complement, traders defensive willing is not enough, serious an exodus from each other.
Other analysts also said that the current market has just entered the off-season, the market demand in May rose, and as the steel prices downward, terminal purchasing wait-and-see mood is still strong, in addition to the part of the rigid demand, purchasing or still have other back phenomenon, steel prices in the short term is difficult to have a substantial rebound is expected.
it is understood that in the steel mill production overhaul gradually increased, the situation of export still remain high, domestic 304 stainless steel with inventory not reverse, according to domestic final demand extremely weak. The personage inside course of study says, fixed assets and real estate investment growth continued downward, machinery, automobile and so on the boom of the downstream industry continued to fall, and the wide range of high temperature, heavy rain weather, the domestic demand for hong kong-listed formed obvious adverse effect. Analysts said, has been plagued the two big obstacle of growth of investment in fixed assets, namely the lack of investment and financing source is difficult, are expected to be solved step by step, the late policy effect should be expected to be appeared continuously, provide strong support for investment growth, domestic demand for hong kong-listed also exists certain recovery expectations. Short term, however, the reality is still in the downside of investment and industry downturn situation, domestic demand continues to weaker, social inventory decline further difficulties, market expectations and the actual situation in a departure from the state, the steel price short-term vulnerable situation is still difficult to change. As economic activity yoy, we expect to have the modest rebound in the second half of the overall inflation, mainly will be affected by PPI stabilization, real estate prices rebound and low base effect. Is expected to maintain loose monetary policy orientation. The central bank will further cut the legal deposit reserve rate, and various forms of the central bank refinancing to guide the risk-free interest rate to continue downward, 304 stainless steel belt and consolidate the momentum of economic weak recovery.
it is understood that in the steel mill production overhaul gradually increased, the situation of export still remain high, domestic 304 stainless steel with inventory not reverse, according to domestic final demand extremely weak. The personage inside course of study says, fixed assets and real estate investment growth continued downward, machinery, automobile and so on the boom of the downstream industry continued to fall, and the wide range of high temperature, heavy rain weather, the domestic demand for hong kong-listed formed obvious adverse effect. Analysts said, has been plagued the two big obstacle of growth of investment in fixed assets, namely the lack of investment and financing source is difficult, are expected to be solved step by step, the late policy effect should be expected to be appeared continuously, provide strong support for investment growth, domestic demand for hong kong-listed also exists certain recovery expectations. Short term, however, the reality is still in the downside of investment and industry downturn situation, domestic demand continues to weaker, social inventory decline further difficulties, market expectations and the actual situation in a departure from the state, the steel price short-term vulnerable situation is still difficult to change. As economic activity yoy, we expect to have the modest rebound in the second half of the overall inflation, mainly will be affected by PPI stabilization, real estate prices rebound and low base effect. Is expected to maintain loose monetary policy orientation. The central bank will further cut the legal deposit reserve rate, and various forms of the central bank refinancing to guide the risk-free interest rate to continue downward, 304 stainless steel belt and consolidate the momentum of economic weak recovery.
