Is expected in the near future improvement is not big - 304 stainless steel belt market in China Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-05
Most downstream vendors are not sold, the 304 stainless steel belt markets wait-and-see atmosphere is still relatively strong, most of billet indication of lack of confidence.
This morning, the little narrow strip tentative pull up, intraday level before callback to rise in price.
YanGang billet, moreover, the bid price is slightly higher than the mainstream market quotation, largely in line with expectations, the market without too much stimulation.
The afternoon of tangshan billet quotation check up stabilization.
But it is worth noting that some steel mills to down the price of steel billet tax bill 10 yuan, the pre-tax sales price of 10 yuan.
From the current situation, the downstream rolling enterprise and production rate is low, adverse to the digestion of billet, under pressure from high inventories, the pattern of the billet in the short term will remain low consolidation.
After market pressure, large inventories are in more than 10000 tons, clinch a deal because of the holiday are cold, 304 stainless steel belt at the bottom of the market price constantly refreshed, mainstream offer - 2410
2430 yuan/ton, for the current price most traders think are difficult to stick to, in the short term will be below 2400 yuan/ton.
In addition, the cost of ore, weaker platts index fell to 61 yesterday.
$75 / ton, and later put still is the main voice, undoubtedly hit to the finished material market.
From today's market under the condition of light volume, short-term market still has a downside risk.
Cold rolling, cold rolling production in domestic growth, especially the beijing-tianjin-hebei region, in the construction of new production line is still quietly.
Holiday, after opening, stock market growth, steel mills is not exceptional also, especially the new production line cold-rolled products cold-rolled falling result in beijing-tianjin-hebei region, although nearly two Japanese smooth bid, but clinch a deal the widespread discussion.
Taken together, the short-term local cold, hot-rolled quotations or lower.
domestic coke market overall stability, market clinch a deal. Learned, 304 stainless steel with inventories rise again recently, coking coal, coke inventory is still high, and with the end demand weakened, coke to the task of the inventory or market will gradually increase, the market price will also be restricted. Steel mills for coke procurement is very careful, lead to poor coke delivery, weak market performance. Last year the price of coke is close to the lowest level, considering the downstream end market demand is still difficult to have substantial improving, so expect short-term domestic coke market is still weak, prices still have further to fall. The domestic market price is little changed, clinch a deal is not much. Although there are some finished material price also rose, tangshan billet also have to raise prices, but it's not too big for domestic steel scrap market boost. At present domestic scrap steel market is still a weak market, resource supply and demand is not high, receiving few factories, middlemen into the low frequency of shipment, receiving business operation at the grass-roots level is relatively slow. In this case, is expected in the near future domestic market of 304 stainless steel with better, or will continue to weak market operation.
domestic coke market overall stability, market clinch a deal. Learned, 304 stainless steel with inventories rise again recently, coking coal, coke inventory is still high, and with the end demand weakened, coke to the task of the inventory or market will gradually increase, the market price will also be restricted. Steel mills for coke procurement is very careful, lead to poor coke delivery, weak market performance. Last year the price of coke is close to the lowest level, considering the downstream end market demand is still difficult to have substantial improving, so expect short-term domestic coke market is still weak, prices still have further to fall. The domestic market price is little changed, clinch a deal is not much. Although there are some finished material price also rose, tangshan billet also have to raise prices, but it's not too big for domestic steel scrap market boost. At present domestic scrap steel market is still a weak market, resource supply and demand is not high, receiving few factories, middlemen into the low frequency of shipment, receiving business operation at the grass-roots level is relatively slow. In this case, is expected in the near future domestic market of 304 stainless steel with better, or will continue to weak market operation.
