Last week 304 stainless steel belt has stabilised - mostly in China Tianjin stainless steel co. , LTD

Last week most of domestic 304 stainless steel belt has stabilised, and part of the market price slightly on the ground, but due to clinch a deal is still light, lack of market price upward momentum, at the same time period last Friday screw, the downside of steel, loss of confidence in the market, part of the market price highs this week. As near the end of the month, the businessman funding and delivery pressure gradually increased, the market will remain under pressure. The author thinks that, the storing energy prices or rebound for the next month, but at the same time considering the hong kong-listed long pressure, precision tube in shandong market rebound in September or difficult to smooth road. Later this month, the domestic leading mills shagang, river, maanshan steel, such as policy are flat, in addition to this, has been weak in the southwest part of the steel mills have also introduced a limit and insurance policy, the current low season demand weak for a long time, the shipping co. , LTD. , steel mills and social inventory increase, and the shortage of funds, under the weight of steel price still showed a willingness to 304 stainless steel belt cost will also support the resources of the arrival of the goods. In a low price position the market at present, the market is to pull up the atmosphere, but the main indexes of attention is still trading volume. Therefore, in the current market clinch a deal the better pull up, clinch a deal the slip is the price of repeated rhythm. But changes of direction, short term is difficult to realize, estimates that in the future will continue this kind of sideways pattern. However, the recent stock continued rebound, combined with the funding situation is not optimistic, at the end of this week is expected precision tube still faces greater pressure on prices. It is understood that the shandong market basically restored production status, and the pattern of demand is still in a relatively weak, in the short term, the possibility of change is not big, the market traders expectations virtually formed the pressure. And price is higher than local tang, the two areas on the, this will exacerbate the possibility of a later on. Taken together, the pattern of resource to improve gradually, after the market returned to normal, affect the price of 304 stainless steel belt is still the law of supply and demand fundamentals, therefore, to estimate the future for a period of time the price to low possibility is very large.