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Stainless steel with market price today is expected to give priority to with weak bearish - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-09
It is understood that yesterday the overall steel market prices weak stability.
The futures trading still has good performance, but obviously the recent market demand is weak, the price is still difficult to rise.
Some recent northern steel plant maintenance have certain influence to later market resources the arrival of the goods, and the north steel policy and attractive, most of the large flange will not agent.
The author predicts that from today is still a low inventory period to the middle of the month, this period the market is likely to fall dilemma, advise businesses appropriate attention.
Late market price or is expected to give priority to with disadvantaged consolidation.
Today's stainless steel market prices to decline, decline of 30 yuan/ton, clinch a deal is not ideal, based on the current downturn, the bearish traders in the future market, pessimism is aggravating.
The downstream side, less terminal price consulting, weak market demand.
Inventory, traders said the recent shipments declined obviously, inventory backlog, the recent and prepare the warehouse stock up.
Expected short-term price over the changsha area mainly disadvantaged concussion run today in foshan spiral market prices decline, trading volume, according to traders with hot weather coming, the shutdown of the construction site, the downstream demand, the traders to the market situation does not look good.
Basic maintain regular inventory, most traders inventory.
Expected short-term price is given priority to with disadvantaged concussion run stainless steel belt.
review last week, demand reduction only does not increase, sales slightly weak, local construction steel market failed to stick to a smooth, run to prices weak down again over the weekend. Specific to the market changes, local leading brand in early trading, dealers offer steady or cut, weak amplitude in 10 yuan/ton, sluggish sales finally let loose shipment business. Is the market feedback, as long as the afternoon of 'bargain', namely can purchase again to low-cost resources, such as the giant under 2200 yuan/ton, 2150 yuan/tons of seismic material, north, and sales in 2030 - Three kinds of small factory thread between 2040 yuan/ton. For now, despite the overall inventory is not big, but in the face of weak demand, overall prices are still weak callback, but considering the local prices have been in a low position, expected short-term correction or limited space. Iron ore futures yesterday is good, the momentum up, harden in the afternoon, 442 points, for recent high. But the spot market demand remains light, large businesses, shipments of around 1000 tons. It is reported that the recent market slow the arrival of the goods, and the north steel plant maintenance and production scheduling. But market low inventory for supported steel prices down again and again, if demand continued weakness, factory prices are still falling, market risk, suggest merchants cautious to give priority to. To sum up, stainless steel belt market prices today are still expected to give priority to with weak bearish.
review last week, demand reduction only does not increase, sales slightly weak, local construction steel market failed to stick to a smooth, run to prices weak down again over the weekend. Specific to the market changes, local leading brand in early trading, dealers offer steady or cut, weak amplitude in 10 yuan/ton, sluggish sales finally let loose shipment business. Is the market feedback, as long as the afternoon of 'bargain', namely can purchase again to low-cost resources, such as the giant under 2200 yuan/ton, 2150 yuan/tons of seismic material, north, and sales in 2030 - Three kinds of small factory thread between 2040 yuan/ton. For now, despite the overall inventory is not big, but in the face of weak demand, overall prices are still weak callback, but considering the local prices have been in a low position, expected short-term correction or limited space. Iron ore futures yesterday is good, the momentum up, harden in the afternoon, 442 points, for recent high. But the spot market demand remains light, large businesses, shipments of around 1000 tons. It is reported that the recent market slow the arrival of the goods, and the north steel plant maintenance and production scheduling. But market low inventory for supported steel prices down again and again, if demand continued weakness, factory prices are still falling, market risk, suggest merchants cautious to give priority to. To sum up, stainless steel belt market prices today are still expected to give priority to with weak bearish.
