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Market will continue to get better - 304 stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-10
Current domestic 304 stainless steel belt factory does not have a cut or the phenomenon of production, demand for nickel iron steel smooth performance, it is difficult to stimulate nickel iron prices sharply higher, so the forecast backwards in nickel price increase of iron time, rising space will be limited.
May will be a rebound gradually bottoming process.
Downstream terminal for procurement can be more selective, for stainless steel scrap is relatively bad.
Nickel in the short term, if can continue to break through the above, or will drive the stainless steel scrap prices slightly, but subject to the downturn of other domestic nickel material, rebound will be limited.
Market price rise significantly, traders pull up state of mind is also relatively strong, as traders increase in late orders ideas will increase.
For steel is likely to quickly restore production sales.
If nickel subsequent momentum can't continue, and will enter the market fell channel;
If nickel momentum is enough, once the market supply of goods increase, will also curb stainless steel prices space.
So, in May of the stainless steel market is probably the deduction of a bottoming out, and the rebound height is limited.
At present, 304 stainless steel with percentage of loss-incurring enterprises to change, steel mills to maintain normal production.
Markets, social inventory of February to a high, steel mills and the market are in 3 ~ 4 month destocking operation, but the overall inventory decline is limited.
Through the interpretation for the market mainstream varieties of stainless steel, is expected in May contain nickel stainless steel cost bottomed out, still wait for a reason, contradiction between supply and demand is expected the next month the price trend is likely to be a process of bottoming rebound.
we believe that the international steel market will continue to improve. In scrap steel prices and pricing mechanism in the third quarter, pushed by the steel mills are expected to include the price so as to boost the market again. The north American market, after four months of continued to fall, then the market fell space is limited, better market environment is expected to be stabilizing, steel mills in North America may soon begins to rise offer, to boost the market. April Asia, though the Chinese market fell again, but the overall trends, built at the end of China's domestic market is in shock stage, with the Chinese government in infrastructure investment and strategy gradually show open all the way, steel demand is also increasing, later the market will gradually improve, this to the entire Asian market will play an important role. From what has been discussed above, we think, 304 stainless steel market will continue to improve.
we believe that the international steel market will continue to improve. In scrap steel prices and pricing mechanism in the third quarter, pushed by the steel mills are expected to include the price so as to boost the market again. The north American market, after four months of continued to fall, then the market fell space is limited, better market environment is expected to be stabilizing, steel mills in North America may soon begins to rise offer, to boost the market. April Asia, though the Chinese market fell again, but the overall trends, built at the end of China's domestic market is in shock stage, with the Chinese government in infrastructure investment and strategy gradually show open all the way, steel demand is also increasing, later the market will gradually improve, this to the entire Asian market will play an important role. From what has been discussed above, we think, 304 stainless steel market will continue to improve.
