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Overall 304 stainless steel form a larger inhibition effect - with demand Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-05
Lack of motivation rising steel prices, the lagged, stagflation situation performance obviously.
Early to good for mine production, and gradually fade, especially in the futures market, futures prices continuous downward in iron ore, hit 304 stainless steel with confidence in the market.
At present, the terminal consumer demand is not high, the root cause of the weak steel prices upward.
At the same time, the industry is lack of funding, unable to steel prices rising energy savings.
In terms of market, the author believe that steel prices in the short term affected by long-term expected better, fall is not big, but also relatively weak, rising and will continue to shock consolidation.
This week in hebei iron essence pink with rise in price stability, some 10 - mine price increase
20 yuan/ton.
Recently imported ore price rise sharply, the previous low rise more than 30%, some steel mills to increase the ratio of the mine production, domestic ore market appears periodically active degree rise, mining shipment more smoothly.
In the national policy of tax reduction and continuously imported ore price rebound, the recent domestic ore utilization improved, but the overall capacity utilization is still low, business to afternoon mentality is still poor.
Expected short-term hebei iron essence pink small fluctuations in market price stability.
Gradual improvement, the relationship between supply and demand is the main reason for the recent ore price continues to rebound.
Reflects the 304 stainless steel belt market for iron ore still don't believe in long term, but this week the iron ore futures fell sharply in a row, form the adverse impact on overall imports ore price movements.
Short-term imported ore price is expected to near $60 / ton.
data shows that the rain weather strikes in Shanghai this week, together with the steel price is Yin, end demand performance is more weak, also vanished among market demand, market expectations of season needs to improve. Recent policy level continued easing failed to form a substantial boost to the real economy, real estate sales situation not conductive to the improvement of the speeding up of the new construction and investment, especially the government-led infrastructure investment growth is also slowing, were pretty disappointed that makes the market to the traditional peak season demand, market confidence is a cliff. And from the point of inventory, Shanghai construction steel inventory decline eased this week, local cheap material in the north the arrival of the goods is not much, but volume low limit the inventory decline, two weak market supply and demand of overall performance. And from the point of the national steel inventories, this week the national inventories while keep dropping, but at a slow, parts inventory also rose. This year's steel consumption season stocks dropped overall weaker than expected, reflects the current economic weakness, especially investment growth continued downward, demand for the overall 304 stainless steel belt form a larger inhibition effect.
data shows that the rain weather strikes in Shanghai this week, together with the steel price is Yin, end demand performance is more weak, also vanished among market demand, market expectations of season needs to improve. Recent policy level continued easing failed to form a substantial boost to the real economy, real estate sales situation not conductive to the improvement of the speeding up of the new construction and investment, especially the government-led infrastructure investment growth is also slowing, were pretty disappointed that makes the market to the traditional peak season demand, market confidence is a cliff. And from the point of inventory, Shanghai construction steel inventory decline eased this week, local cheap material in the north the arrival of the goods is not much, but volume low limit the inventory decline, two weak market supply and demand of overall performance. And from the point of the national steel inventories, this week the national inventories while keep dropping, but at a slow, parts inventory also rose. This year's steel consumption season stocks dropped overall weaker than expected, reflects the current economic weakness, especially investment growth continued downward, demand for the overall 304 stainless steel belt form a larger inhibition effect.
