Is expected in the short term will 304 stainless steel market prices or slightly adjust the run - Tianjin stainless steel co. , LTD

Recent 304 stainless steel with market price fluctuation is lesser, on the one hand, because the majority of manufacturers have started to stop the holiday, is no longer foreign quotation, clinch a deal the basic is given priority to with a single discussion; , on the other hand, the current market price is already the historical position and continue to fall sharply, will only increase loss, and factory merchant are reluctant to cut again. However, considering the high iron ore inventories, there are still certain braking action of steel prices. For short-term market, recently raw material prices continue to fall, and traders confidence in the afternoon also weakened gradually, the profit taking consciousness is still obvious, but based on the downstream user 'buy or not to buy up' psychology, market depreciate sales promotion, for the market at present, tomorrow is expected to market prices are still slightly loose. Affected by the local large and medium-sized material mainly several moves smoothly. View of the local, although the leading market prices stabilised, but the local price is too high due to previous price not to fall, and some recent offer merchants began to fall. Too much price difference is mainly due to the stagnant demand market basic not clinch a deal, on the other hand, part of the 304 stainless steel belt businessman with a small amount of previous legacy resources, high volume would not reduce the price. But as the leading market prices remained low consolidation, make local businesses for expect lower prices rebounded, so began to reduce the price, and, because of the large gap is still in the short term, there are still expected to decline. On the inventory merchants inventories are low, large inventories are only around 1000 tons, and in the short term without replenishment plan.
according to merchants feedback, clinch a deal because of the poor, the available resources to rise faster, and near the end of 304 stainless steel market has been facing the receivable demand, price pressure. The other know, cangzhou iron is given priority to with straight hair traders in advance sales order in February, 2440 - quote low 2480 yuan/ton, visible market bearish sentiment, therefore shipment arrangements in advance, to decompose the inventory increase risk. Now, even if the price promotion, clinch a deal is not very ideal, large volume in 200 - more today 500 tons, with no support of downstream demand at present, the market is likely to vicious competition, is expected to short-term local higher risk to continue downward. Most downstream site due to near the end of the year, the local market has begun to gradually cease, and for the demand side caused certain suppression, combined with the material into the north more impact strength is larger, price is lower than the local market price, so that businesses, weakening the overall mentality is now in seasonal off-season, no positive information, macro, steel trade, without much direction, for the coming year is given priority to with shipment, has no intention to stock up. Is expected in the short term will 304 stainless steel market prices or slightly adjust the run.