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Our country is still at the higher level - 304 stainless steel belt production Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-12
Statistically, 304 stainless steel belt production in our country is still at the higher level, but in the economic structure adjustment and macro economic slowdown this year, against the background of economic growth have continued to decline in demand for steel strength.
Domestic hong kong-listed has been at the market 'cold winter' of serious overcapacity, at present and in seasonal demand of season in winter at the same time, concrete is a typical 'winter light'.
Global iron ore prices continued to fall, with overseas financial institutions and even predict ore prices will fall below $60 a tonne, 'ultra low-cost'.
According to the latest market report, the latest week, the domestic spot steel prices index slightly callback, closed at 110.
Dropped 84 points, a week 0.
2%.
Overall eke out weak equilibrium state, the first period of production for the APEC meeting, the limit production enterprise, once successively and production, market supply pressure will increase again, it will only make the steel price at the low end.
Even if steel prices in some regions in a small, but the demand is weak, clinch a deal the weak market pattern is still deep traces.
As part of the steel blast furnace production in succession, the steel procurement slightly turned positive, but the price is relatively low, the shipment of miners is also cautious, on the sidelines.
Imported ore price small-scope fluctuation, on November 13, 62% grade platts iron ore index closed at 75 per ton.
The price $75, a week down 0.
$25.
Citigroup downgraded the estimated price of 304 stainless steel belt, expected tons price fell below $60, which is financial institutions so far for iron ore prices the most pessimistic forecasts.
the domestic construction steel market prices overall down today. Weekend volume around the country generally is not high, especially in the north market affected by the dual factors of cooling and environmental protection, clinch a deal, drag the price down. The Beijing and tianjin have a dropped sharply in early trading. And represented by the Shanghai east China market, guangzhou is representative of the southern market turnover obvious atrophy, same prices fell. Below cost, ore index continued to fall, the market forces continue to weaken, and the cost of 304 stainless steel with falling prices, steel mills profit space amplification for future supply pressure increase or has a direct effect, thus further oppression of supply and demand balance of single direction, oppression prices continue to fall. But in the near term, the domestic steel mills around the main size internal production, delivery is not active, or to limit prices can speed up. Futures market to continue in the downlink channel, the spot market confidence is insufficient, the steel period is widening of the gap between steel prices remain under pressure. Inventory, we have learned, after a period of time after sales, now cold rolling the whole social resources at lower levels, the specification is not complete phenomenon sometimes occurs, merchants admitted that inventory pressure is not very big. Demand side, the domestic market, as the weather turn cold gradually, the downstream construction basic stagnant pace, steel market into the consumption off-season, and household appliances, automobile and other industries have also recently recession, fewer and fewer downstream inquiry.
the domestic construction steel market prices overall down today. Weekend volume around the country generally is not high, especially in the north market affected by the dual factors of cooling and environmental protection, clinch a deal, drag the price down. The Beijing and tianjin have a dropped sharply in early trading. And represented by the Shanghai east China market, guangzhou is representative of the southern market turnover obvious atrophy, same prices fell. Below cost, ore index continued to fall, the market forces continue to weaken, and the cost of 304 stainless steel with falling prices, steel mills profit space amplification for future supply pressure increase or has a direct effect, thus further oppression of supply and demand balance of single direction, oppression prices continue to fall. But in the near term, the domestic steel mills around the main size internal production, delivery is not active, or to limit prices can speed up. Futures market to continue in the downlink channel, the spot market confidence is insufficient, the steel period is widening of the gap between steel prices remain under pressure. Inventory, we have learned, after a period of time after sales, now cold rolling the whole social resources at lower levels, the specification is not complete phenomenon sometimes occurs, merchants admitted that inventory pressure is not very big. Demand side, the domestic market, as the weather turn cold gradually, the downstream construction basic stagnant pace, steel market into the consumption off-season, and household appliances, automobile and other industries have also recently recession, fewer and fewer downstream inquiry.
