Prices are likely to be difficult to control - stainless steel belt Tianjin stainless steel co. , LTD

Stainless steel market is in a state of stalemate, recent price increases the lack of a constitution, but the producer prices for steel mills cut after iron ore prices will also not strong. Hong kong-listed in a basic balance between supply and demand of the phase now, in the absence of large under the influence of external force, the overall market will remain relatively smooth running. However, because the macro data such as import and export is still very bad, the market to continue to cut interest rates, it has great expectations, if cut interest rates again, fall to become a reality, the market will form a larger disturbance.
at present, the hong kong-listed facing the external environment is still weak. The slowdown in economic growth, the whole manufacturing sector performance and flows into effect under the control of deviation, steel downstream demand overall strength did not change. Push up steel prices of power on the one hand, from the ultra-low prices has accumulated under the 'bottom', on the other hand is a period in late April rallied inspire spot to pull up the enthusiasm, but as the stimulation factor weakening, the rapid cooling performance, and on the spot steel prices drag on. Domestic leading urban markets wait-and-see atmosphere is strong, clinch a deal is subject to continuous pressure deviation, prices began to weaker downward. Merchants cut prices in order to stimulate clinch a deal. In short, in steel demand in May was moderate conditions, steel mills profitability continued weakness. Market feedback, although after imported ore price rapid rebound to above $60 / ton, phase of the screw had a strong rise, but the spot market in case of lack of sales support, has been to increase fatigue, merchant sells eke out half weeks. Stage the second half of the week as mine, screw fall, businesses will enhance delivery, price slightly loose in a row. East China leading steel mills may first price policy more flat, stainless steel belt is slightly lower than market expectations, reflects the leading steel mills for the city still cautious. But not yet resources pressure, and the policy level continues to preferences, steel prices callback space is limited. Based on this, expected short-term shen building materials prices will continue to give priority to with weak finishing.
this week since opening, Beijing building materials market narrow consolidation, week affected by higher iron ore, steel billet, merchants offer slightly pull up. Shipment but then the high price resources, markets wait-and-see atmosphere, the market mentality weakening, merchants gradually loosening quotation. At present market situation is not ideal, delivery low-cost resources increase, next week is expected to local market fell slightly. Screw the market overall performance is good, but there is no boost hong kong-listed confidence, market since the May Day holiday, hong kong-listed into a weakness. To cater to the downstream of the less orders, market as a whole quotation for Yin fell slightly, while merchants factory orders not active, steel inventories and office inventory increased slightly. Influenced by terminal purchasing weakness, next week is expected to hangzhou market weak adjustment. Market mentality slightly cautious, downstream on-demand procurement, the overall shipments continued weakness, large market average daily volume in 800 tons. Shang said, continuous rain, a large number of inventory has already started to rust, if there is no price advantage, it is difficult to walk, so a stainless steel belt prices may be difficult to control. Short-term market is expected to price will down slightly.