Late little suspense - stainless steel with prices Tianjin stainless steel co. , LTD

Over the weekend, the billet market tumbled to tangshan region, has dropped sharply, amounting to 80 yuan on Friday near 2000 yuan mark, cause of bad effect, caused the domestic steel market continues to decline, the northern area of domestic ore prices down, while the volume is not large, but the formation of the down expectations that makes the market pessimism, the buyer continue to press the purchase price or stop mining, downward pressure on the market. Stainless steel belt market support dynamics is insufficient, port spot prices dropped slightly, the early stage of the partial businessman the market expected to rise, this is price will quite strong, and in the finished goods falling under the weight of steel, has to offer, 'known as' the buyer is still in a state of wait-and-see, combined with dalian iron ore main futures contracts continue to retreat, prompt market is difficult to form a rising power. Expect a recent decline in iron ore market pressure, tight range operation. Laiwu in east China market to return to the downlink channel, subject to the market. According to the market analysis, the domestic cold-rolled prices are not optimistic and there are still continue to fall, it is near the end, most merchants need because of the existence of capital flow, choose to price change in the amount of operation mode, the market prices all the way down, low-cost resources increased significantly; Second, most steel production unchanged, in the current situation of declining demand, supply pressure has risen; Three is based on baosteel first futures policy in February, cold-rolled products is still down. To sum up, in the short term is expected to domestic manufacture market price or will continue to fall. Post-holiday billet prices down more than one hundred yuan, after refresh record low, the market, and is generally stock traders will is not strong, the steel inventories are found some around the rise, prices were forced to cut. The hong kong-listed environment continued to deteriorate, traders mentality instability, more inventory digestion is given priority to, the market goods will increase. In the short term, with stainless steel prices continue to decline, the demand is still no improvement, market confidence, the panic spread, expected short-term domestic steel market prices continue to test.
tangshan billet prices accelerate declines over the weekend, and in the 'buy or not to buy up' mentality under the influence of the price of steel billet market is still very cold and cheerless, downstream vendors generally bearish market outlook, strong wait-and-see atmosphere. This morning, the little narrow strip steel at steady at first, but poor clinch a deal the prices fell on the plate final cumulative drop volume recovered after 30 yuan. Building materials market is still weak, some manufacturers have production in advance, some are still in the production of enterprises in the short term production plan. In the case of finished product material weakening, billet's price is weak, although the afternoon billet mainstream quotation temporarily hang, but the downward trend of the market and time xin da steel billet has fallen 30 yuan, which makes the late stainless steel prices fell almost no suspense.