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Stainless steel belt merchants temporary stability - quotation Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-08
Along with the stainless steel demand, steel mills will look overseas.
At present, China's imports of ore port stocks in 1.
More than 100 million tons, our country mining iron essence pink inventory back to historic highs.
In the case of supply and demand relations continued to deteriorate, long-term iron ore prices will continue to decline.
However, from the point of seasonal patterns, by the next year 1 -
February mine supply cut and ready for the holiday at home and abroad, in the fourth quarter inventory demand, to a certain extent, pushing up demand for iron ore.
In addition, platts index after continue to dip down, don't rule out the possibility of super lower bounce supported by cost, is expected to be in 90 dollars/ton.
together, after the market is still weak, and the dominant cut steel producer prices increase market merchants pessimistic attitude, for the afternoon also not what hopes; Although the central bank relaxed mortgage policy is restricted and around to cancel to boost market confidence, but for hong kong-listed real demand to improve the effect is limited, confidence in the market is still unstable; Considering the business operation more cautious for the price aspect, is expected to steel market prices weak stability consolidation run tomorrow. But traders shipment clinch a deal the price to low, individual merchant volume price 2900 yuan/ton. Resources have different stress levels due to the spot market specifications, combined with the previous C and thin plate bending resources price on the high side, today's market prices to decline. Compared with yesterday, the current hot rolled plate volume spot trading volume in Shanghai is poorer, businesses wait-and-see sentiment strong, as to whether the price promotion, stainless steel belt traders hesitate, after all, the current shen hot coil prices at lower levels in the surrounding area. Bearish market mentality is relatively obvious, the market is still being negative, businesses have to lower the price for shipment. Inventory, after the market inventory is higher, but not by much, mainly because of fewer businesses early order, its growth mainly caused by the steel mill shipments. In the afternoon, the market still faces downside risk, the market should be careful to operate. In terms of the feedback from the market yesterday, market overall. After a long holiday, according to merchants reflect, the market does not appear the phenomenon of a large number of procurement, downstream users wait to make an inquiry, but little actual clinch a deal. There is no obvious change overall fundamentals, whether business or late on the market is still bearish on the downstream users, businesses still is given priority to with shipment, and downstream users purchase enthusiasm is not high, basic it is along with it to buy, not so much a stock. Because of the reduced order businesses generally, post-holiday inventory increase is limited, stainless steel belt merchants offer temporary stability.
together, after the market is still weak, and the dominant cut steel producer prices increase market merchants pessimistic attitude, for the afternoon also not what hopes; Although the central bank relaxed mortgage policy is restricted and around to cancel to boost market confidence, but for hong kong-listed real demand to improve the effect is limited, confidence in the market is still unstable; Considering the business operation more cautious for the price aspect, is expected to steel market prices weak stability consolidation run tomorrow. But traders shipment clinch a deal the price to low, individual merchant volume price 2900 yuan/ton. Resources have different stress levels due to the spot market specifications, combined with the previous C and thin plate bending resources price on the high side, today's market prices to decline. Compared with yesterday, the current hot rolled plate volume spot trading volume in Shanghai is poorer, businesses wait-and-see sentiment strong, as to whether the price promotion, stainless steel belt traders hesitate, after all, the current shen hot coil prices at lower levels in the surrounding area. Bearish market mentality is relatively obvious, the market is still being negative, businesses have to lower the price for shipment. Inventory, after the market inventory is higher, but not by much, mainly because of fewer businesses early order, its growth mainly caused by the steel mill shipments. In the afternoon, the market still faces downside risk, the market should be careful to operate. In terms of the feedback from the market yesterday, market overall. After a long holiday, according to merchants reflect, the market does not appear the phenomenon of a large number of procurement, downstream users wait to make an inquiry, but little actual clinch a deal. There is no obvious change overall fundamentals, whether business or late on the market is still bearish on the downstream users, businesses still is given priority to with shipment, and downstream users purchase enthusiasm is not high, basic it is along with it to buy, not so much a stock. Because of the reduced order businesses generally, post-holiday inventory increase is limited, stainless steel belt merchants offer temporary stability.
