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Is expected in the short term the price of stainless steel with the mainstream market will still be running smoothly Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
The current steel market demand situation, supply and demand contradiction protruding shows, to a great extent, to curb the rebound in steel prices.
Market resources increase, rising inventories, destocking need a process.
Downstream terminal during the market demand, and some of the stainless steel belt manufacturer continuous production, new resources increased significantly, the resources on the market in succession, stocks have risen sharply.
There is a steel trade company recently to the on-the-spot investigation of major steel warehouse in Shanghai, according to the level Ⅲ rebar inventories rose to 220000 tons, 10 more than before the Spring Festival.
2%.
Steel trade, steel inventories in June is expected to peak, and destocking is going to be a long process.
Also, some of the downstream end user due to insufficient funds, reduce steel warehouse, how many, how much to buy zero inventories, in order to reduce capital takes up.
Thus, in the end and end demand intensity is abate, both difficult to support steel prices rebound in the short term.
In view of the above the presence of these elements, the steel trade business, the hong kong-listed market of recent think prices have a bottoming process, optimistic estimate about in mid-march hong kong-listed will gradually get better, stainless steel belt when prices will stop falling stabilizing, or better progressly.
Recently, the price of steel from the market and price 100 yuan/ton, but steel mills still have not much order quantity only individual businesses added a small amount of orders, inventory.
After previous round collapsed, merchants are still smarting, fears of afternoon did not ease, clinch a deal the weak market of high.
exists under the market at present. Recent angang steel mills, ex-factory price of high-pressure alloy pipe prices by 300 yuan/ton, shagang, etc also have cut hot roll ex-factory price. Which have certain effect to alleviate the pressure of the market upside down, but the businessman common said weak demand is the main reason for the shipments in at present. Mindset, high-pressure alloy pipe market traders overall mentality tend to be pessimistic, in the first two weeks after prices rose slightly, Yin fell today began to happen to make them more lack of confidence in the afternoon. Steel market merchants think now the market price is still upside down, no intention to cut the price, say everyone buy or not to buy up, prices will only make business interests are a bigger loss, so the price keep consolidation. Volume low, coupled with business at the end of the receivable pressure increases, profit taking will increased, Europe and the United States, three big economies have been 'debt' and market worries about a us debt default and a series of problems make financial markets into a slide again, today's electronic trading hot-rolled prices slightly lower. From the perspective of the market of the recent period of time, the market various specifications. Downstream demand from local side, clinch a deal the few main factors to restrict market prices around, but for now, the peripheral market price support, overall mainstream domestic steel market prices in a short period of time is difficult to soften. Because the end demand improvement, business is generally an increase in the price of today's market, but attitude is not very optimistic, more cautious delivery situation. Is expected in the short term the price of stainless steel with the mainstream market will still be running smoothly.
exists under the market at present. Recent angang steel mills, ex-factory price of high-pressure alloy pipe prices by 300 yuan/ton, shagang, etc also have cut hot roll ex-factory price. Which have certain effect to alleviate the pressure of the market upside down, but the businessman common said weak demand is the main reason for the shipments in at present. Mindset, high-pressure alloy pipe market traders overall mentality tend to be pessimistic, in the first two weeks after prices rose slightly, Yin fell today began to happen to make them more lack of confidence in the afternoon. Steel market merchants think now the market price is still upside down, no intention to cut the price, say everyone buy or not to buy up, prices will only make business interests are a bigger loss, so the price keep consolidation. Volume low, coupled with business at the end of the receivable pressure increases, profit taking will increased, Europe and the United States, three big economies have been 'debt' and market worries about a us debt default and a series of problems make financial markets into a slide again, today's electronic trading hot-rolled prices slightly lower. From the perspective of the market of the recent period of time, the market various specifications. Downstream demand from local side, clinch a deal the few main factors to restrict market prices around, but for now, the peripheral market price support, overall mainstream domestic steel market prices in a short period of time is difficult to soften. Because the end demand improvement, business is generally an increase in the price of today's market, but attitude is not very optimistic, more cautious delivery situation. Is expected in the short term the price of stainless steel with the mainstream market will still be running smoothly.
