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Stainless steel belt further downside is not impossible - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-07
For Aaron nickel shocks in early fall, also bring the price down carefully with stainless steel, nickel price narrow range concussion, after smooth stainless steel prices also on the sidelines.
In mid-november XunMo, Aaron nickel prices for nickel exports a seasonal short term in the Philippines, and the early stage of the domestic nickel iron accelerated to inventory and domestic nickel supply temporary short-term phenomenon, Aaron iron nickel and nickel price shocks continue to rise, the stainless steel prices also in low inventory requirements under the premise of a certain potential, a small continued to rise.
However, Aaron rose underpowered nickel and nickel excess supply still no substantive relief, nickel prices continue to callback, and to the current prices to stabilize the sidelines the shape of the end of November.
Steel market prices, already below the cost of iron and steel enterprises.
Economic downward pressure, a weak steel market has presented the trend of normalized.
Under the condition of steel market prices hit a low again, steel market prices only in iron and steel industry losses of price fluctuation range deduce with small profit.
No matter how the future steel market prices go up drop slightly shocks will change the serious situation of the market.
Weak data showed a weak situation of iron and steel industry is even more than before, and the downstream industry data also performed poorly, stainless steel belt further downside is not impossible.
although rescue policies introduced gradually, but the fixed investment and domestic real estate market is still no sign, to the full recovery of the downstream demand is not prosperous, and the upstream raw material is in the state of oversupply followed last prices, in this context, steel prices recover from looks more like a pipe dream dreams. Although, the central bank announced a cut in late month, at that time the market mentality has a boost, but the move was read more for the fourth round of the property market rescue, short-term aims to boost the housing market. But understands from the market, the central bank cut interest rates, but many Banks to raise deposit rates, also some people think that the central bank to cut interest rates did not imagine the big boost. Although so, the central bank revealed monetary easing signals are fudged.
forecast: comprehensive the stock market continues to fall, the demand is not immediately obvious, but as the temperature drops, seasonal factors, the downstream demand was shrinking is certain, is just a matter of degree. Macro continues to release of optimism, there is still in the year-end goal, financing area and temporary easing. Focuses on, Aaron nickel prices. Although present a positive trend, short-term or difficult to get rid of interval concussion. Therefore, is expected to domestic prices relatively strong, steady, Aaron nickel are cautious with inflation, the falling stainless steel belt can affect a weaker, are big fluctuations.
although rescue policies introduced gradually, but the fixed investment and domestic real estate market is still no sign, to the full recovery of the downstream demand is not prosperous, and the upstream raw material is in the state of oversupply followed last prices, in this context, steel prices recover from looks more like a pipe dream dreams. Although, the central bank announced a cut in late month, at that time the market mentality has a boost, but the move was read more for the fourth round of the property market rescue, short-term aims to boost the housing market. But understands from the market, the central bank cut interest rates, but many Banks to raise deposit rates, also some people think that the central bank to cut interest rates did not imagine the big boost. Although so, the central bank revealed monetary easing signals are fudged.
forecast: comprehensive the stock market continues to fall, the demand is not immediately obvious, but as the temperature drops, seasonal factors, the downstream demand was shrinking is certain, is just a matter of degree. Macro continues to release of optimism, there is still in the year-end goal, financing area and temporary easing. Focuses on, Aaron nickel prices. Although present a positive trend, short-term or difficult to get rid of interval concussion. Therefore, is expected to domestic prices relatively strong, steady, Aaron nickel are cautious with inflation, the falling stainless steel belt can affect a weaker, are big fluctuations.
