Possible - 304 stainless steel belt prices continue to fall Tianjin stainless steel co. , LTD

History once again proved the steel joint valuation is difficult to stop the decline in market trend, but disrupted the rhythm of the 304 stainless steel with purchasing, suppresses the procurement requirements, increasing market panic, traders to speed up the cast goods. And under the impetus of the billet prices, domestic prices continue to fall, before a week decline range, continued to expand. There is currently no large steel mill production, limit production situation, demand is also difficult to have to shine, not rule out the possibility of prices continue to fall, late real rebound again, and so on. Domestic season with the rainy season, June hong kong-listed continue down last month, leading to steel mills losses is widening. According to measure, tangshan rebar market loss of per ton steel in 250 yuan/tons. However, not present concentrated production situation, domestic steel mills are still no good news, macro market clinchs a deal more light. At present, steel mills and intermediate stock rally, highlighting the steel market supply and demand pressures. In addition, the need to attract attention, domestic stock market plunged sharply last week, fell nearly 800 points in a single week, market analysis, still no obvious signs of falling short, inertia afternoon tumbled. Stock market tumble, has great effect on the overall market economy stabilises recovery optimism, confidence in the overall capital market, steel prices will also be restricted and influence. In general, under multiple bad on the market at present, steel prices fell sharply, confidence, rebound, clinch a deal the cold and cheerless. In the short term, 304 stainless steel belt or will continue downward trend, continue to lower. Since the beginning of this June, construction steel prices continue to fall. At the same time, in June, iron and steel enterprises in the traditional demand off-season, economic downward pressure double pressure, with the off-season market hong kong-listed future prices or continue downward. In late may, however, there were signs production key steel mills, the contradiction between supply and demand of hong kong-listed late or improved, steel prices will decline has slowed.
enter since June, three weeks in a row, the domestic steel prices fall more and more big, business mentality is becoming more and more bad, prices are the lowest in nearly 10 years, the overall market is one for all. After the combination of many steel mills valuation, raising the price behavior and failed to stop the decline in the market. May also, after the economic data, the market did not fall to the central bank or lower interest rates, policy expectations. And at present, the hong kong-listed has enter the traditional off-season, demand is very poor, causing prices to fall faster, some varieties prices fell by more than $one hundred in a single week, or even close to 200 yuan. Due to heavy falls in steel prices, iron ore prices have to fall. Late last week steel market is showing signs of temporary stop falling, rebar futures prices have rebounded slightly, tangshan billet. However, the personage inside course of study says, the falling did not have before continuous falling steel prices, falling by phases occur when volume surged, purchasing party continues on, performance is very calm, the price is not to everyone's expectations. Just enter the off-season, the market now in market demand may rise, and the decline of market prices, terminal purchasing wait-and-see mood is still strong, in addition to the part of the rigid demand, purchasing or other still have pushed back appearance. And steel production, limit production didn't have a large area, short-term price is difficult to have a substantial rebound, even if the recent rebound, is also a small rebound, and do not rule out the possibility of 304 stainless steel belt prices continue to fall, real rebound again, and so on.