Price has yet to hit bottom - 304 stainless steel belt Tianjin stainless steel co. , LTD

304 stainless steel belt market weak hard to change today. Phase screw today present wide range, a downtrend concentrated in early in the morning hours, give priority to with ing, is basically a day of rallies underweight upward, the wide divergence of the market, holdings little change, volume increased significantly, the market overall performance for changing hands. Market is still short force in the dominant, and show some undertake force under 2500.
the domestic construction steel market prices down, still the cost of steel billet, spot market prices rebound, the market demand is weak, brings to the merchants for little business, although in the Beijing area has a limit policy constraints, but can not hold up against some merchants have dark fall to clinch a deal, small and medium-sized households has big rebar prices fell below 2300 yuan, while stocks continue to rise, merchants had winter will is not strong, low-cost delivery. Shanghai building materials prices also chaos down, from the actual situation, the market clinch a deal the doldrums, intraday some resources continue to cut, sales downturn determines the current price is hard to stabilizing, especially a few large inventory resources of business continues to sell at a low price. A second-tier cities most of domestic construction steel market weak, followed in southwest China, chongqing, chengdu region steel mills have cut the ex-factory price, volume, varieties of spot price is accelerated decline, merchants for afternoon more pessimistic, operating on more active shipment clear inventory, downstream to the sidelines, more looking forward to lower prices. In this full of bad news in the market. The domestic 304 stainless steel market prices or tomorrow is expected to continue to fall.
the north region of north China, east China and other places were heavy falls in market prices, yesterday and today the price fall is bigger, the price is relatively low, fall in the short term or decreased. The south, the market price decline is bigger also, and in the short term, or will continue to weaker. Based on the analysis of the overall market, the main factors influencing the price action is the market demand, the overall market is now in the off-season, recent market demand will be slim. On futures, hot rolled coil plate futures prices continued to fall sharply today, contributed to a decline in prices is already within expectations, but prices continue to drop substantially, the market is undoubtedly worse, more don't believe in the later markets work situation. Based on analysis of the short-term market price or is expected to shock weakening. Now merchants will delivery is stronger, under the requirements of a few only by cutting prices to boost clinch a deal. And in addition to the above are steady weakening in other areas is given priority to, part of the market decline. On the whole, the domestic steel prices lower, whether it is for hot rolled or medium plate with plate series varieties, pace down hard to stop, cold rolling can fall prey. In raw material costs decline and a sharp drop in demand, under the influence of businessmen mentality pessimistic, 304 stainless steel belt has yet to bottom price.