Space is quite limited - stainless steel belt continue to fall Tianjin stainless steel co. , LTD

Domestic scrap steel market continues to fall, trade not free. Recently finished product material price is falling, ore, steel billet concussion downlink, under the influence, the domestic steel scrap market began to test. Opening this week, trading volume is not ideal, stainless steel belt market both demand and supply of resources is not large, relatively flat contradiction between supply and demand. Continued weak current market operation, the manufacturer mentality tend to be pessimistic, business practices and upfront about, or fast forward quickly, or a single, thanks in part to cash-strapped plus market downturn and choose a career change. 。 Steel mills and foundries to scrap steel purchase enthusiasm has not been high, both quantity and price is low, at the same time also add strict with material type. The recent domestic steel scrap market is expected to continue weak market operation. As the downstream end of the inventory, steel procurement enthusiasm retreat, most regional markets generally decline, especially in the north market is relatively obvious, coke for inflation expectations dashed again. Depressed and downstream of steel market in the short term shortage of funds is still the main factor of restricting the coke market. Negative the market at present is more, the late stainless steel belt market expectations is generally pessimistic, if short-term domestic steel market is still no obvious improvement, is expected to domestic coke market is still falling. Only linfen region in north China market this week by 10 yuan, the rest are submitted to the stability, market clinch a deal the situation slightly. This week in the region a few coking enterprises have coke oven maintenance phenomenon, leading to low inventory, and downstream of the coking plant say orders general policy, so most places offer firm. Words in the middle of crude steel production and steel mills have cut and some relations, but while on the surface production declined, but the daily average of 1. 93 million tons of production is still in a relatively high level, can be seen, there is no scale production effect. Instead of the more mills to shout to join the production queue, daily output still did not move. The current iron ore shipments still slants big, and major foreign miners into the seasonal production cycle, afternoon supply pressure increase. In brief, to iron ore fundamentals vulnerable, ore price downward main tone does not change, and with the ore price downward, steel cost will down, combined with the steel mill profits remain, costs for steel price support is limited. A researcher with the industry, said HSBC PMI far beyond expectations, showed manufacturing activity enhancement, since April management introduced to promote the development of small and medium-sized enterprises, support the steady growth of foreign trade and so on a series of targeted stimulus policy effect is gradually revealed, confidence in the market will form a boost. The indications are that although the central top made it clear that not take strong stimulus, but in the face of the economic downturn situation, various micro stimulus is gradually overweight, its cumulative effect on the formation of market boost is still worth looking forward to. Faced by the researchers said, although the current domestic hong kong-listed fundamentals remain weak, but in steel prices have fallen to historic lows, under the condition of market risk is gradually released, the space is quite limited, stainless steel belt continue to fall with the previous policies effect appeared gradually, and micro stimulus policies continue to overweight, domestic steel prices are expected to gradually stop falling and slight rebound.