Late is expected to price or falling prices - stainless steel belt Tianjin stainless steel co. , LTD

Since this year, stainless steel belt is influenced by the domestic market demand, presented the price decline, the real reflect the change of supply and demand, import the regression is advantageous to import prices in reasonable price. Always wait on the one hand, the downstream demand, more is given priority to with on-demand procurement, demand fundamentals on hold, because the downstream industry of steel prices continue to put the psychological; Cause abnormal light steel market was supposed to belong to the sales season, the market trading atmosphere is extremely low. On the other hand is high inventories as dharma, sword hanging on the top could clinch a deal the breakdown of the current market thin atmosphere at any time. The most important macro conducting also belong to more bad news, further deterioration of market mentality. With the recent slump in steel, to break the 3800 mark for the strong demand, in the short term without significant positive obviously can't repair, capital market confidence in the steel industry will continue to lower the addiction. Overall, demand release expected may also has certain psychological support, so the steel pipe has certain inertia to pull up space; But are constrained by the short-term difficult to change the weak demand, the rally is likely to be a flash in the pan, clinch a deal the moment the possibility of significantly improved basic don't play, so I think, after market steel prices in the short pull up will continue to return to a narrow range of channels, waiting for the demand of real relay. Stainless steel with a huge supply pressure, in this case, the merchants had good positive attitude had changed direction, as the steel prices fell from time to time, confidence in the market are being eroded by a dismal reality step by step. Although the steel mills from time to time to bring up the priced, but spot steel prices and the ex-factory price still exist certain upside down, hands too much resources, however, forced businesses to continuous take the initiative to reduce the price for shipment, could so far, the effect is not obvious; A weaker market confidence, will directly affect the degree of inertia pull up and process of steel tube. August overall economic data is generally low, and the yuan of new loans in July fell 41%, hit a new low since last July. Has shown the downlink channel, the real economy effective credit demand is insufficient, continuous late steel level is still continue to cut interest rates and deposit reserve ratio of space. Coke, downstream hong kong-listed weakness, environmental protection measures is not relaxed, steel mills cut coke procurement price factors, such as overall weak steady run, the market at present the market clinch a deal has been gradually appear weak. According to the coke enterprises, first stage the market overall bearish atmosphere is relatively strong, some steel mills said next week to cut or have the possibility of purchasing price, as a result, the late stainless steel prices or a fall in the market, is expected to cautious in the short term.