Stainless steel belt market shows trends - both poles Tianjin stainless steel co. , LTD

Stainless steel belt market clinch a deal yesterday is poorer, phase of the screw, has been operating business mentality is pessimistic, price promotions, after eleven tianjin construction steel market access to fall again. The pessimistic atmosphere, tight specifications price might have shored up temporarily, if there is no good heavy, recent market will temporarily weak phase. Although mortgages New Deal on confidence form a boost, but at higher downturn in the context of supply and demand, steel prices did not appear rebound sharply, cold-rolled prices continue preganglionic fell momentum. Shanghai cold rolling stock during long holidays, the arrival of the goods quantity is more, the current local hangang, wisco and saddle benxi steel resources relatively abundant, in 3850 - the mainstream price 3890 yuan/ton, large shipments daily average of 300 tons, in the traditional peak season demand, trading volume was no big change, for later stainless steel belt market more pessimistic expectations. According to understand, domestic steel production fell, however, the overall supply is on the high. Traders feedback losses still more, sell will is not strong, but the downstream demand release is still limited, clinch a deal the tepid, in the absence of substantial support, prices continue rising power is insufficient, and raw materials continued decline, period screw is appear drop stop, this increase market bearish sentiment, steel mills also stop limit policy, increase the market supply of goods, in addition, if the usual, chongqing spiral pipe should appear a small wave to stock market, but due to the market and let people worry too much this year estimated stock up phenomenon to appear. Thus, the current steel trade dealers still is given priority to with destocking, stock up seems really hopeless. Taken together, hong kong-listed low is not a day for two days, are also seems to be a little numb, let the market a new worry, more the author estimates, the next two weeks, domestic the largest hong kong-listed is mainly affected by this chance. Anyhow, scrap losses before the National Day continues, drop and scope is preliminary already narrowed, east China basic has stabilized, tangshan north China still fell, after the National Day in the last quarter of this year, requirements, or is released, the price of the concussion uplink probability is bigger, scrap or the opportunity to follow up, stores should be rational during this operation.
steel mills in the latest issue of pricing appear differentiation, to bring long plank market different wind direction guidance, August economic data continues to another apparent limitation terminals and middlemen market demand release; But in the case of burden decline narrowed, market panic will limit this week. In response, the Chinese iron and steel spot mesh point positioning is: the steel prices decline narrowed, stainless steel belt market shows the poles.