Market stability problem is - stainless steel belt Tianjin stainless steel co. , LTD

Stainless steel belt market this week continued tight consolidation trend, the price is in 2740 - Swings between 2750, most of the time at 2750, slightly strong from last week. Reasons are as follows: first the prices were evident in the rally, billet cost support continue to increase; Second steel billet delivery quantity is insufficient, the market resources tight; Third, the recent macro news warm, has certain boost confidence in the market. But the current is in the off-season, demand, prices rose slightly, clinch a deal immediately fell, unable to form a trend rally, is expected next week to maintain stability in the domestic steel billet narrow consolidation pattern. Domestic scrap this week most appear rebound around 30 yuan/ton, the main economic environment improved, the housing purchase there were signs of loosening, railway infrastructure investment, directional loose signal release of funds, the market mentality is slightly better, stabilised screw bottomed out, rebar stock market also rose, the market price is bounced from around $89 to $98 or so at present, combined with stainless steel with summer scrap steel processing resources is a bit tight, so also offered some support to the increase in the price of scrap steel, but we know that although the steel market resources is not much, but steel mills inventory pressure is relatively large, so the factory steel are tentative raised ex-factory price policy, still in the test market acceptance. Another is the steel industry money is still tight, this will to some extent limited trading activity, inhibit market rebound in the rhythm. Next week is expected to scrap steel prices overall stabilization on local is still strong. This week coke overall stability and local slightly lower, mainly by the market at present just need support, downstream of the crackdown, makes the focal company temporarily hold value view, but hong kong-listed overall environment is still poor, coupled with the recent coking coal weakening, support weakening of the coke costs, thus risk remained coke, coke prices generally also not better hopes, can only hope stability time longer, as currently envisaged, stainless steel belt market stability problem is not big, coke enterprises to set a new contract at the end of the steel plant new monthly pricing, coke, could see a small cut.