Resources have been on the way - stainless steel belt Tianjin stainless steel co. , LTD

Hong kong-listed market trend is still weak, give priority to in order to lower prices. In the context of the market last week, the downstream demand downturn and tight money stress is a major cause of lead to steel prices down. At the same time, domestic boron steel export tax rebate policy cancelled, market forecasts will affect 4 layer steel exports, greatly down the market confidence, manufacturers generally bearish market outlook. Combined with the raw material market weakness, cost support is insufficient, the market mentality pessimistic, back now mood densification, mostly on operation is given priority to with positive shipment. Affected by the off-season efficiency and financing area, clinch a deal the market at present clearly, together with boron steel export tax rebates cancellation is increased steel pressure of domestic trade in our country. This case stainless steel with the dealer spread losses, especially some relatively abundant resources, bargain range increased. Market is filled with weak pattern, merchant mentality is poorer, to speed up the pace of price of delivery. Therefore, a slight drop in domestic steel inventories last week.
hong kong-listed continuation of the weak, and the current market, the market is still not boost of positive factors, the raw material market price of steel billet tired last weekend dropped 60 yuan/ton, 150 local general carbon billet ex-factory price 2030 yuan/ton, bare dealer price 1928 yuan/tons, and created a new low. Vulnerable to check prices, raw material costs to support efforts to weaken further, confidence in the market how can you have! In addition, the bureau of statistics recently released economic data such as the CPI and PPI is not objective, specific data, the CPI total level rose in December 1. 5% for the year rose 2%; Producer prices fell by 3. 3%, fell 0. 1 drop in 6% for the year. 9%. The PPI has 34 consecutive months of negative growth, the market interpreted as a more recently, the international oil price has greatly decreased the influence continuously. But whatever the reason, PPI sustained negative growth is reflected in the domestic industry producing underpowered phenomenon, for the current stainless steel belt also adds to market concerns. Getting closer and closer to the Spring Festival, still does not appear the steel had winter market in north China, a large number of low-cost resources fled south east China and south China region, a clear impact on confidence, the 'wind' rapid spread of the stock price, a drag on the overall domestic steel prices continue to move down the center of gravity. And in the south, the recent downstream procurement also slowed markedly, only sporadic procurement demand release, therefore, the actual needs of the current steel market has dropped to freezing point during the year. It also illustrates the steel mills have started the pattern of inventory pressure, a lot of stainless steel band resources have been on the way, then gradually arrived at the warehouse, the late social inventory is expected to increase. Financing for tightening.