Stainless steel with merchants for pessimism still spreading - afternoon Tianjin stainless steel co. , LTD

Stainless steel belt after continuously in recent years, low market continued to fall in July, a line and lower-tier cities falling prices, and whether it is steel mills, steel trade, loss scope is gradually increased, but it is not the end of the dip. In peripheral suppressed by bad crude oil futures prices continue to sharply lower, but the rebar futures, hot rolled plate in today's efforts to adjust relatively modest, and closed out the cross small Yang line, or the trend of market weakness to form the buffer. Stocks once more surprising, however, continued to send a positive boost continuous stage collapsed, panic spread under the situation for the policy of disappointment and a sharp fall in the number of popular or key, confidence in the overall form clearly. Steel market current situation and basic is almost the same with the stock market. Stainless steel bottom line continuously underground killed with merchants for the afternoon's pessimism is still spreading, and behind a weak market, more is mainly dragged down by the weak demand and strong economic transformation under the situation, the lack of hong kong-listed boost overall factors, but more importantly steel mills production scheduling is still large, than the same period of last month 5. 37%. In the resource supply without eroding, off-season demand forecast and the popularity of the downturn will continue to drag down the market to low, and the psychology of the market after the kill hit also difficult to short-term back quickly. Therefore, at present in addition to the continuation of supply and demand of the weak and external negative pressure by suppressing the overall spot prices, spot business extremely pessimistic mood also become now continue to the main cause of low price. Thanks to the central bank cut interest rates policy, large enterprise, a second-tier cities in the land market, means that there may be more late project construction, and the existing housing the so-called recovery, is established on the basis of the early inventory digestion, is the early stage of the backlog of products, rather than after now sells buildings now. Good demand in the short term is impossible, and the high temperature and rainy weather is more, a direct impact on the market clinch a deal. The housing market recovery and no immediate boost to market, short-term positive effect are relatively limited, the market is sad.
together, in the control capacity, the implementation of industrial upgrading has not yet formed, when the end demand is weak, clinch a deal will be very few, face a shortage of funds, combined with the industry market atmosphere pessimistic, although the central bank policy double down, but the market rebound is limited, the domestic construction steel market in July or will continue to test. However, with the deepening of the market adjustment, steel mills have gradually on quantity production scheduling maintenance plan, steel mills in deepening losses case production maintenance will be reversed transmission by the current market can support and boost the overall price of straws, at the same time, the lack of funds and the low risk awareness of low inventory, zero inventory will also help the market price of the maintenance message generated by the suction effect. Short term bearish haze still remains, therefore, the market pessimistic sentiment will continue to release, stainless steel belt below has little space.