Prices slightly down - stainless steel belt
Tianjin stainless steel co. , LTD
Prices slightly down - stainless steel belt
Tianjin stainless steel co. , LTD
by:Hongmei2020-09-13
Today early morning, the stainless steel prices fell slightly.
As domestic hot-rolled prices falling, also affected the local market, merchants slightly lower the market price, but the market did not react, businessman is discouraged, the local market in the short term or will still show the weak development.
Resources, local market spot resources is not much, but the specification is available;
Based on the current market cold and cheerless, the businessman in the short term will remain low inventory operation.
Steel mills, as the market resource consumption speed is slow, the local mainstream resources of taiyuan steel mills are still given priority to with other varieties of steel production.
Off-season market, the demand in turn may, but with the deepening of the off season time, market demand or have a decreasing trend.
Market mindset, long-term cold and cheerless, businesses have little confidence to the market, the recent drop in prices again contusion on business confidence.
At this stage the price adjustment and other factors change has not been able to more effectively influence the market.
Based on the analysis of the market at present, in the short term is expected to local hot rolled coil plate market prices or remain weak stabilizing operation.
the domestic steel prices continue to push up slightly, but the efforts clearly slowed.
Price quote stainless steel belt sensitive city walk more comfortably, and two or three line of catch-up.
In consecutive days after a strong pull litre, rebar futures capital market and a period of hot rolled plate in today's sharp gains, main iron ore futures contracts to drop stop board, the situation of rapid reverse the whole spot market rapidly cooling after soaring, partial variety a price limited, showed signs of loosening, but considering the May Day holiday approaching, the market adjusted operating range is not big, most of the region is still in transition.
In April, the domestic steel prices on two waves quickly push up prices, both appear in iron ore futures, harden drive the relevant period and chase after go up sharply on pushing up the power, the formation of the spot and as 65 mn steel prices rise, low inventory, zero inventory status will be the price of the circulation of amplified pull up effect, but the slowdown in economic growth, the whole manufacturing sector performance and flows into effect under the control of the deviation, the downstream demand of whole strength did not change, with the adjustment of the derivatives market, the intermediate links of cash delivery operation or will expand rapidly, to form detour to push prices downward.
The main disconnect the current resources and finished product material and steel output continued to climb and tensions between export diversion ability weakened obviously contrast, resource pressure still exists, the quantity of the late market stress situation was not reversed.
As a result, the steel price rise rally or follow the period of taking over, but tomorrow is the last trading day before, 65 mn steel prices or remains stationary oscillation.
Stainless steel belt