Next week is expected to 304 stainless steel belt will remain vulnerable situation - Tianjin stainless steel co. , LTD

304 stainless steel belt quotation or more, trade not free. Recently finished product material market downward trend, iron ore, price is falling, in this case, the domestic steel scrap market vulnerable status cannot alter. The dealer to keep fast forward fast mode operation; Grassroots takeover dealer inventory is not high; Strong wait-and-see atmosphere, the enthusiasm is low, operation about future expectations. Steel mills and foundries to control costs, reduce the percentage of loss-incurring enterprises, quantity and price of scrap steel procurement is still low, some manufacturers or improve their scrap or purchase price low utilization rate of pig iron. The recent domestic steel scrap market downturn will continue running in the market. Steelmaking pig iron market this week light volume. Iron in some steel mills have been recently published June procurement policy, prices are still to cut to the mainstream trend, confidence in the iron works, most of the boiler manufacturer delayed the construction plan, individual iron works because of heavy losses, prepare to maintenance, production recently, some manufacturers also consider the breakdown maintenance is likely to cause greater pressure, so still keep production galvanized round steel, boiler stop going to temporarily not do, the offer is subject to.
domestic silicon manganese stability good run, the market transaction is fair, stable demand, southern electricity policy is still not clear, the local capacity to maintain low, cost is high, in the north new manufacturers, the overall market is still tight, low-cost resources recently imported manganese ore offer flat, domestic port spot inventory remains high, but influenced by outside dish stability, short term will remain weak steady running, factory production cost is high. The recent domestic silicon manganese market is expected to consolidation. Domestic molybdenum, clinch a deal in general, prices fell trends. North China steel billet price swings down, combined with the billet, finished product shipments are not ideal, and adding to the manufacturer's bearish market outlook. It is understood that in recent period of time 304 stainless steel band is very cold and cheerless, rolling mill have little profit, common are losing money, continuous casting LianGaChang only have small profit, downstream timber factory production enthusiasm is not strong. Affected by this, the billet factory purchases of billet, and intermediate traders are very few stock up, both common lead to clinch a deal the billet market weakness. In addition, the phase of the screw repeatedly record low last week increased the pessimistic atmosphere of the spot market, the majority of manufacturers of billet afternoon don't look good. Domestic steel billet market shows continuous declines slightly, clinch a deal, there is no obvious improvement. The upstream raw material market fell again and again, make steel billet cost support dynamics is insufficient; Rolled products downstream enterprise procurement enthusiasm is not high at the same time, lead to billet light volume; Plus bank only accept do not lend, steel mills funding pressures. From the current situation, in the short term still plaguing hong kong-listed various negative factors, and imported ore prices remain continue to test space, another steel mill steel profits, so next week is expected to 304 stainless steel belt will remain weak, prices are still slightly lower risk.