Price volatility trending up - stainless steel belt Tianjin stainless steel co. , LTD

Domestic steel prices continue to range trade today. Stainless steel belt price volatility trending up, plank product remains weak shocks, but the downside strength weakened. Compared with hong kong-listed downturn, the stock market in recent months has significantly high, popularity high all the way, the Shanghai composite index pared to below 2300 points, just two days or more than 70 points, the central bank to cut interest rates and high iron, free trade concepts such as the popularity of ascension obvious impact on the market, influenced by the stock market have sharply higher, rebar futures pull up sharply in today's frenzied, continuous, 5, 10, 20 daily average lines to form a short-term support. The upstream steel billet for spot hong kong-listed, prices in the recent sustained a slight pull litre, tangshan flan present price is 2450 yuan, rebar spot market prices are tianjin, Shanghai and Beijing show higher prices, resource demand and settled near a superposition of the APEC meeting, hebei region policy of steel mills to leak and production, at the same time, the current economic growth speed slow, which caused by the excessive capital credit deflation a microcosm of the market also become a big problem, the central bank's directional cut interest rates and data performed slightly better in the third quarter in September situation makes steel prices could not continue to lower short-term internal approaches the previous low. In addition, the domestic various finished material circulation market spot resources decline significantly, short resources, shortage of all parts of the more common, tight finances of hong kong-listed circulation rate and steel price margin narrowed to reduce middlemen operation activity, make the current steel price adjustment space compression, as the pressure at the end of the receivable weakened and the stock market, the strength of the phase plate lifting and hebei limit production policy support, the adjustment of short-term stainless steel belt space is small, does not exclude the possibility again to borrow small lift.
today's domestic steel prices continue to weak downward. After a short lift, from the beginning of this week, the steel price is weakening momentum appeared by chop, along with the weak implementation of macroeconomic data stage and capital market screw and hot rolled plate presents comprehensive correction, domestic hot-rolled coil plate market price first down quickly, some sensitive areas have been as September in the last eight and a half years of low, other lower-tier cities also quickly followed downward price, in comparison, rebar and the performance of the plate in the market is relatively strong, the adjustment of the overall strength is not big. Resource caused by discontinuity, less steel mill shipments circulation market shortage is become the main support the current momentum. However, still can not be ignored. 7. The GDP growth of 3% that show the current economic growth momentum and trauma to the real economy, the lack of overall entity needs to present cyclical downturn, but domestic steel production is rising counter-cyclical, September steel production hit a record high, although export shunt capacity increased, but also improved the internal pressure, as a whole will continue to weigh on domestic steel market, at the same time, by the end of the collection order pressure still unfinished, market varieties or next week will continue to fall. But given during the APEC meeting part of their production in hebei, the present situation of the production operation and market advantages of low inventory and nearly more than eight years in September inoculation of rebound phenomenon or low market still has become the focus of the market. Therefore, for the current domestic steel prices, on the one hand is formed by the big lows in September rebound scene, although the duration is not long, but still gives the market a certain relative price expectations; On the other hand is in the third quarter overall data is relatively low, but yoy industrial added value and so on, also appeared to the market development is stimulated benefit from the micro and gradually improve, together with the National Development and Reform Commission for examination and approval of new project significantly increased recently, also gives the market expectations. As a result, some varieties or remained down space, but large at the early stage of the approximation of stainless steel with low or present a certain support.