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In the short term is difficult to achieve sustained rebound pattern - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-13
Recent market demand further reduce, clinch a deal the cold and cheerless, plunged sharply after the early stage of the 304 stainless steel belt, traders will continue to bargain is not strong.
Futures, at the same time, the electronic trading market volatility consolidation, a stabilizing rebound phenomenon, also gives some traders confidence, prompting spot prices basically stable, and form a slight rebound in the bottom half weeks.
Increase gradually, but the current downstream terminal vacation purchasing decreases, and the market inventory was picked up, many shipping businesses face pressure and funding issues.
In the short term, the author thinks that before the Spring Festival or will keep the shock consolidation trend, not to fall.
On the one hand, the spot price fell sharply after two months, greatly squeezed the steel mills profit space, the recent steel mills cut production, maintenance is obviously increased, resulting in production decline, stimulate some traders bottom, increase market trading volume, driving steel prices especially hot roll market prices slightly higher.
At the same time, the futures market rebound, boost market confidence, merchants will reduce an exodus, the stronger stability attitude.
But, on the other hand, the loose raw material prices, prices of steam.
Influenced by steel production, iron ore futures and spot prices continue to slide, hitting a new low for many years, and tangshan billet climbed to 520000 tons of inventory, the downstream steel mills will pick up the goods is not high, billet prices continue downward pressure.
Clinch a deal the weak instability, market, to crack down on the timber market in advance will continue.
304 stainless steel belt
this week domestic construction steel market prices continue to fall, but compared with the previous trend of the overall decline in the positive changes, the regional prices found some differences. Market prices in the south of the north south resources continue to the arrival of the goods, the price still keep falling, shanghai-hangzhou and other price drop is controlled in one hundred yuan. And price of the beijing-tianjin region in hebei iron and steel group in January announced settlement price after a slight rebound. Except rebounded this week most regions of the country construction steel, especially the basic no rebar prices rebound, especially small and medium-sized steel rebar prices in north China, continues to fall, although a slight rebound 20 yuan, tangshan billet prices this week but due to the small and medium-sized steel mills traders inventory, not weakening demand at the same time keep the site resources sharply, steel inventories grew rapidly and producer prices for steel mills did not follow the billet prices rebounded, but further down, in general, the demand to clinch a deal not free and the influence of raw material market downturn, in the short term is difficult to achieve sustained rebound pattern, or in operation of the nature of the shock consolidation. Steel production, the influence on the market at present is limited.
this week domestic construction steel market prices continue to fall, but compared with the previous trend of the overall decline in the positive changes, the regional prices found some differences. Market prices in the south of the north south resources continue to the arrival of the goods, the price still keep falling, shanghai-hangzhou and other price drop is controlled in one hundred yuan. And price of the beijing-tianjin region in hebei iron and steel group in January announced settlement price after a slight rebound. Except rebounded this week most regions of the country construction steel, especially the basic no rebar prices rebound, especially small and medium-sized steel rebar prices in north China, continues to fall, although a slight rebound 20 yuan, tangshan billet prices this week but due to the small and medium-sized steel mills traders inventory, not weakening demand at the same time keep the site resources sharply, steel inventories grew rapidly and producer prices for steel mills did not follow the billet prices rebounded, but further down, in general, the demand to clinch a deal not free and the influence of raw material market downturn, in the short term is difficult to achieve sustained rebound pattern, or in operation of the nature of the shock consolidation. Steel production, the influence on the market at present is limited.
