Overall the weak status - 304 stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
Domestic price of 304 stainless steel with temporary stability, market turnover remains weak, merchants continuous pessimistic mentality.
It is understood that the coke port stocks rise again recently, coking coal, coke inventory is still high, and with the end demand weakened, coke to the task of the inventory or market will gradually increase, the market price will also be restricted.
Steel mills at the present stage of coke procurement is very cautious, lead to poor coke delivery, weak market performance.
Jiao qi said, affected by the terminal market demand is still difficult to have substantial improving, expected late domestic coke market prices still have further to fall.
after the Spring Festival, the central bank to cut interest rates is good for the market is 'a flash in the pan'. Most downstream market has not yet formally started, the market to maintain low shipment, large volume was light, so the market warming need to promote the real difference between supply and demand. Demand the essence of the terminal, but as the march stock market will gradually get digestion, and the ore prices fell below $60, lead to the cost of steel is still hitting a space, so the profitability of steel companies in March for recovery. After more than ten years after the expected GDP growth back to 7%. Lower growth target to the enterprise to transmit a strong signal that the heavier growth quality under the background of the whole nation, and 304 stainless steel enterprises to adjust the mentality, not hope that the massive stimulus policies, and to excavate internal potential through technological innovation, etc. In January, weak domestic ore market adjustment. Fluctuations in the market in north China, tangshan regions such as the price is relatively stable, volatility in 5 - space 10 yuan, mine enterprise starts is limited, to support the overall ore at steady; Northeast China market decline, western liaoning in most of the market price is already into the 300 yuan range, clinch a deal but the overall situation is still not changed; In east China market with the potential downside, shandong and other regions large mining enterprises have been cut in iron ore producer price, increase the intensity of shipment, clinch a deal remains weak as a whole. Imported ore market in January to new lows. Earlier this month, the market prices rose slightly, while in the case of maintenance to increase domestic mills, demand by a larger degree of inhibition, the overall price began to fall, the index of major iron ore has slide to below $65, dalian iron ore main futures contract fell to 470 yuan after consolidation. As the northern area of mineral resources for imports, and international oil prices fell, ore price pressure. Overall, iron mining industry suffers from January demand off-season and the overlay, the lunar New Year holiday effect in weak state overall 304 stainless steel belt, steel mills in February to production costs continue to fall, just slow decline. At the same time, steel prices decline from the previous month significantly narrowed. Therefore, the steel mills in February showing positive momentum monthly earnings.
after the Spring Festival, the central bank to cut interest rates is good for the market is 'a flash in the pan'. Most downstream market has not yet formally started, the market to maintain low shipment, large volume was light, so the market warming need to promote the real difference between supply and demand. Demand the essence of the terminal, but as the march stock market will gradually get digestion, and the ore prices fell below $60, lead to the cost of steel is still hitting a space, so the profitability of steel companies in March for recovery. After more than ten years after the expected GDP growth back to 7%. Lower growth target to the enterprise to transmit a strong signal that the heavier growth quality under the background of the whole nation, and 304 stainless steel enterprises to adjust the mentality, not hope that the massive stimulus policies, and to excavate internal potential through technological innovation, etc. In January, weak domestic ore market adjustment. Fluctuations in the market in north China, tangshan regions such as the price is relatively stable, volatility in 5 - space 10 yuan, mine enterprise starts is limited, to support the overall ore at steady; Northeast China market decline, western liaoning in most of the market price is already into the 300 yuan range, clinch a deal but the overall situation is still not changed; In east China market with the potential downside, shandong and other regions large mining enterprises have been cut in iron ore producer price, increase the intensity of shipment, clinch a deal remains weak as a whole. Imported ore market in January to new lows. Earlier this month, the market prices rose slightly, while in the case of maintenance to increase domestic mills, demand by a larger degree of inhibition, the overall price began to fall, the index of major iron ore has slide to below $65, dalian iron ore main futures contract fell to 470 yuan after consolidation. As the northern area of mineral resources for imports, and international oil prices fell, ore price pressure. Overall, iron mining industry suffers from January demand off-season and the overlay, the lunar New Year holiday effect in weak state overall 304 stainless steel belt, steel mills in February to production costs continue to fall, just slow decline. At the same time, steel prices decline from the previous month significantly narrowed. Therefore, the steel mills in February showing positive momentum monthly earnings.
