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Stainless steel belt is expected in the short term demand fundamentals are more modest - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
For next week's market, the author thinks that the continuous rise is not strong, the basis of market are the obvious periodic fluctuation, most merchants should choose segmentation operation.
one of, raw material prices continue downward. In the short term, influenced by stainless steel with recovery, a modest rebound, but the iron ore, coke and blast furnace raw material is still in the fall, and the market risk has not fully released, the cost of support in the weakened, to become useful form certain bearish market. Second, the steel production rose, inventory down slowly. Early march, according to key enterprises crude steel production 166. 060000 tons, the ten-day fell 7. 95%, but the crude steel production forecasts for 209. The aim of 680000 tons, rose 0. 72%, small and medium-sized steel mill production have risen sharply. At the same time, the major domestic steel stock market society while continue to fall, but slow down and drop significantly slower, overall inventory remains high, market supply pressure is obvious. After a brief rise in general, the hong kong-listed, continue to sharply higher possibility is not big, will gradually enter the shock up trend.
while the downstream demand has three consecutive weeks, but the overall is still in a low level, it is difficult to effective pull of steel price formation; And under the influence of domestic economic weakness, lack of market confidence in the late; And as the central bank continued positive repurchase market financing area are tightening, and also to a certain extent, limit the amount of stock the downstream steel industry. The current steel prices repeated shocks, the market is difficult to determine, so the downstream procurement wait-and-see mood still exists, is expected in the short term with tepid demand fundamentals are stainless steel.
cisa, according to early march key mills crude steel production has dropped sharply in July. 95%; Analysis considered by steelmakers deepening losses, some steel mills take the initiative to increase access, however, the overall yield is still slightly increased; Internal inventory increased again at the same time, steel mills, reaction market order reduced activity, steel inventories to steel mills internal transfer, so although steel social inventory decline in three consecutive weeks, but with the steel plant resources to the city, hong kong-listed supply pressure is not reduced, the overall supply and demand to improve to inventory efforts still need to wait. In spite of imported ore, steel billet raw materials such as a small rebound recently, but the trend is repeatedly; The coking coal market is still weak, so the steel furnace charge market as a whole remains weak. Although steel has certain raw material inventory demand, but given the heavy losses, the environmental protection pressure, especially for insufficient market outlook is expected, etc, for iron ore procurement is still cautious, still not enough to pull the raw materials for the improvement of the market, so this stainless steel with small fall, the overall is still low.
one of, raw material prices continue downward. In the short term, influenced by stainless steel with recovery, a modest rebound, but the iron ore, coke and blast furnace raw material is still in the fall, and the market risk has not fully released, the cost of support in the weakened, to become useful form certain bearish market. Second, the steel production rose, inventory down slowly. Early march, according to key enterprises crude steel production 166. 060000 tons, the ten-day fell 7. 95%, but the crude steel production forecasts for 209. The aim of 680000 tons, rose 0. 72%, small and medium-sized steel mill production have risen sharply. At the same time, the major domestic steel stock market society while continue to fall, but slow down and drop significantly slower, overall inventory remains high, market supply pressure is obvious. After a brief rise in general, the hong kong-listed, continue to sharply higher possibility is not big, will gradually enter the shock up trend.
while the downstream demand has three consecutive weeks, but the overall is still in a low level, it is difficult to effective pull of steel price formation; And under the influence of domestic economic weakness, lack of market confidence in the late; And as the central bank continued positive repurchase market financing area are tightening, and also to a certain extent, limit the amount of stock the downstream steel industry. The current steel prices repeated shocks, the market is difficult to determine, so the downstream procurement wait-and-see mood still exists, is expected in the short term with tepid demand fundamentals are stainless steel.
cisa, according to early march key mills crude steel production has dropped sharply in July. 95%; Analysis considered by steelmakers deepening losses, some steel mills take the initiative to increase access, however, the overall yield is still slightly increased; Internal inventory increased again at the same time, steel mills, reaction market order reduced activity, steel inventories to steel mills internal transfer, so although steel social inventory decline in three consecutive weeks, but with the steel plant resources to the city, hong kong-listed supply pressure is not reduced, the overall supply and demand to improve to inventory efforts still need to wait. In spite of imported ore, steel billet raw materials such as a small rebound recently, but the trend is repeatedly; The coking coal market is still weak, so the steel furnace charge market as a whole remains weak. Although steel has certain raw material inventory demand, but given the heavy losses, the environmental protection pressure, especially for insufficient market outlook is expected, etc, for iron ore procurement is still cautious, still not enough to pull the raw materials for the improvement of the market, so this stainless steel with small fall, the overall is still low.
