At present, the overall 304 stainless steel market has been in malignant exodus situation, traders selling accelerated steel prices have been falling, the main varieties of another record low.
Relatively strong early varieties, such as hot rolled, extreme contraction in demand as well as the original material under the influence of price declines accelerate, the state of fill fell sharply.
As well as the panic market mood depressed demand, will lead to steel prices further dip, downward trend is difficult to change.
The national steel inventories in the last two weeks are a small rebound, the current inventory level is the same period last year only by 4.
59%, part of the market inventory levels over the same period last year.
Social inventory and steel double rise, as shown in the downstream industry demand is weak and under the influence of middlemen generally reduce the stock, the destocking by resistance, especially sales pressure further tilt to the steel plant, steel late destocking behavior will continue to have adverse effect on steel price movements.
yesterday, the domestic steel market prices continue to fall, still have large losses.
Downturn in the hong kong-listed steel companies struggling, government level are also actively explore solutions, encourage enterprises to find new sources of growth.
Futures for two consecutive days low open low, market mentality pessimistic, billet yesterday again fell 10 yuan/ton.
Surface of a variety of factors, today's mainstream steel price trend is still continue to fall.
A week recently provided by the market, according to the briefing, the domestic spot steel prices composite index closed at 81.
36 points, down 2 a week.
71%, and losses.
At present, the steel futures market continues to shock downward, the billet prices fell to 1800 yuan/ton.
Correspondingly, the price of 304 stainless steel belt also in deep down, the downstream demand is bad is the main reason.
In some steel mills slashed ex-factory price, under the stimulation of business confidence is more unstable, the atmosphere of competition to shipment on hong kong-listed relatively thick.
According to the herald reporter understanding, in the plate market, prices also fell.
Medium thickness plate price decline steadily, and tons of price fell more than 100 yuan a week.
Steel plant's new factory resources, also in succession in the arrival of the merchant ship pressure, market stocks also rose, but had to cut prices for shipment.
Terms of fundamentals, presents the following several recent major changes: first, become useful spot prices are still not stabilised.
As of July 2, rebar and hot rolled plate before the finished material spot prices continue to dip and continue to set the lowest record;
Billet prices slightly in early after the bomb, tumbled again over the weekend.
In addition, the data shows, the recent rebar, hot-rolled coil, plate and five varieties, including both social inventory for several weeks before the end of the downward trend, turning for 2 weeks.
Obviously, the spot price the Yin fell, the finished product material social stocks rallied and steel mill steel inventories hit a record high.
These information shows that the current downstream demand, finished product material price upward facing larger resistance.
Second, the steel mills profit situation continued to deteriorate.
In addition, the recent production and maintenance of steel mills have increased.
Shanxi steel due to heavy losses, for example, recent centralized maintenance phenomenon in a 304 stainless steel belt, for several days or months.
Expect six months after the node is conditioned by Banks to continue lending can't before production will join production part of the enterprise.
Overall to look, the downstream demand downturn, steel mills, its losses and capital chain tension, is expected to pessimistic, the influence of such factors as short-term crude steel production is easy down hard up, this will be good timber, bad raw material.
