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Stainless steel belt and thus the overall mentality - of a drag on the spot market Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-14
Pipe is always weak shock this week, some small down.
Stainless steel belt largely stabilised, meaning is not obvious;
Welded pipe part fell, the main reason is that the affected by the rain weather this week, the downstream goods stranded, terminal spent force steel demand, businesses because previous inventory backlog is higher, in dark drop more preferential library.
Off-season, to demand a better is a fact, also be the biggest factor that restrain pipe price rebound, especially the real estate industry downturn, greatly increased the pessimism.
Billet prices continued to fall, such as deepening the downstream procurement bearish sentiment, real estate development investment dropped again, the late steel demand will be slow, lead to pipe price is difficult to rebound.
Overall, expects the next week or pipe market will be part of the small drop, a drop in the 20 -
40 yuan/ton.
this week more than steel pricing policy is given priority to with weak decline, as can be seen from the table 1 below, in addition to the factory price flat cultivation, the rest of the steel mills are cut, new price range of 30 - 200 yuan/ton, which indicates that the steel mills on stage after hong kong-listed market still does not look good. Near July, off-season increasingly obvious characteristics, in this market, traders to steel mills take cargo's enthusiasm is not high, steel orders, deviation and raw materials to support the weak, manufacturers mentality pessimistic, so steel mills could not support the new price. The data show that the rise in crude steel production and steel mills increase in inventory is still steel prices recover from a strong resistance. However, it is understood that many steel mills such as angang steel, day, up to have recently started to repair, or to a certain extent, have the effect of steel prices stable, but for iron and steel enterprises of severe overcapacity, effect is not too big. In conclusion, we expect the next week still is given priority to with weak steel pricing policy. Along with the market price under situation of continuous deduction, the trend of the timber prices dip further still continue, for July and the market pessimism still gradually spread, spread all our steel really bad to this position? Both in terms of cost considerations, the rolling plant has a loss, a second-line steel integral operation is relatively difficult, but demand downturn it is a fact, also caused the current steel prices under the biggest factor. In what price the steel price is reasonable, is reversed transmission steel mills production repair large area started or constantly continue to fall. Believe that everyone has their own opinion. For commodity markets, although stainless steel belt influence supply and demand is the biggest and the most effective, but the mentality of the market and pessimistic expectations accelerating spread under the collective will trample the market price to the abyss of more frightening. In June the timber market demand downturn, but overall business operation mentality in addition to shrink by clinch a deal, is still in July and August off-season market pessimism down, at the same time, the dollar interest rates expected to enhance gradually put pressure on the commodity at the same time, the Greek debt default risk in this month also poison the capital market, and always Zheng Zheng toward the adjustment of the stock market in this month also crazy, monetary policy is expected to be over this month, overweight at only slightly open market operations to deal with cash flow, cut down the accurate forecast failure, and suppress years this is tight liquidity, stainless steel belt and thus the overall mentality of drag on the spot market.
this week more than steel pricing policy is given priority to with weak decline, as can be seen from the table 1 below, in addition to the factory price flat cultivation, the rest of the steel mills are cut, new price range of 30 - 200 yuan/ton, which indicates that the steel mills on stage after hong kong-listed market still does not look good. Near July, off-season increasingly obvious characteristics, in this market, traders to steel mills take cargo's enthusiasm is not high, steel orders, deviation and raw materials to support the weak, manufacturers mentality pessimistic, so steel mills could not support the new price. The data show that the rise in crude steel production and steel mills increase in inventory is still steel prices recover from a strong resistance. However, it is understood that many steel mills such as angang steel, day, up to have recently started to repair, or to a certain extent, have the effect of steel prices stable, but for iron and steel enterprises of severe overcapacity, effect is not too big. In conclusion, we expect the next week still is given priority to with weak steel pricing policy. Along with the market price under situation of continuous deduction, the trend of the timber prices dip further still continue, for July and the market pessimism still gradually spread, spread all our steel really bad to this position? Both in terms of cost considerations, the rolling plant has a loss, a second-line steel integral operation is relatively difficult, but demand downturn it is a fact, also caused the current steel prices under the biggest factor. In what price the steel price is reasonable, is reversed transmission steel mills production repair large area started or constantly continue to fall. Believe that everyone has their own opinion. For commodity markets, although stainless steel belt influence supply and demand is the biggest and the most effective, but the mentality of the market and pessimistic expectations accelerating spread under the collective will trample the market price to the abyss of more frightening. In June the timber market demand downturn, but overall business operation mentality in addition to shrink by clinch a deal, is still in July and August off-season market pessimism down, at the same time, the dollar interest rates expected to enhance gradually put pressure on the commodity at the same time, the Greek debt default risk in this month also poison the capital market, and always Zheng Zheng toward the adjustment of the stock market in this month also crazy, monetary policy is expected to be over this month, overweight at only slightly open market operations to deal with cash flow, cut down the accurate forecast failure, and suppress years this is tight liquidity, stainless steel belt and thus the overall mentality of drag on the spot market.
