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Stainless steel with traders is also on the sidelines - Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-08
Affected by the stainless steel belt to continue down recently, scrap steel prices to new lows.
In national Treasury to scrap a 30% rebate, even for part of the customer, a good but understands from the market merchants, the tax rebate policy for retail investors did not have much impact, supply to small factory without tax bill.
In small factory in terms of policy may make big cost down, subsequent scrap steel market prices will not get better.
Coupled with the recent major steel mills inventory, scrap steel in improved, expected short-term scrap steel market prices continue to weak lower.
coking coal market prices this week to maintain smooth, but recently stainless steel belt and falling sharply, largely on the raw material market confidence, makes the return to capital market weakness. Coal enterprises in shanxi area still trouble; Although recent market overall clinch a deal the order, but the price of coking coal low, most of the coal mine is still losing money. East China, central China region market price stability, clinch a deal, influenced by steel billet, steel prices fell, the late coking coal market likely to fall, the region market hardly good music. Yunnan-guizhou region continued weak coking coal market, bearish atmosphere is strong, clinch a deal the situation in general. From coal mine production, since this year, yunnan-guizhou region of coal mine production situation is not optimistic, the current production output is still more, mainly due to the downturn in the coal market and cheap prices, coal mine production enthusiasm is not high as a whole. Downstream stainless steel enterprises large loss leads to lower capacity utilization, lower because capital is scarce coking plant and coking coal inventories, overall weak downstream demand; In July and August is the traditional steel demand is weak, the price of steel and acceleration decreased, late will inevitably affect the raw material prices, cautious coking coal market in the short term. Later if the steel market continues to decline, is likely to drive the capital market to fall again, but could be limited.
this week coke market weak steady running, individual areas the market price slightly low 80 yuan/ton. Off-season run foundry industry downturn, casting enterprise order scarce, enthusiasm is not raw material, coke as weak demand, part of the coking plant to inventory depreciate sales promotion, to drive the market price slightly lower, business mentality is more pessimistic. The metallurgical coke market is more optimistic, clinch a deal after market situation well. Shanxi, shandong and other places of coke market affected by the previous billet in succession fall, recently trading atmosphere from strong to weak, steel mills have been put forward price cut, but the local coking plant inventory is not big, the focal companies to resist mentality is stronger, prices stable operation for the time being. Recently become useful, billet small rebound, the market mentality is slightly better, steel mills for raw materials on mentality, but small and medium-sized steel mills shut down after the issue of the maintenance message also inhibits coke price rises to a certain extent, stainless steel belt traders is also on the sidelines.
coking coal market prices this week to maintain smooth, but recently stainless steel belt and falling sharply, largely on the raw material market confidence, makes the return to capital market weakness. Coal enterprises in shanxi area still trouble; Although recent market overall clinch a deal the order, but the price of coking coal low, most of the coal mine is still losing money. East China, central China region market price stability, clinch a deal, influenced by steel billet, steel prices fell, the late coking coal market likely to fall, the region market hardly good music. Yunnan-guizhou region continued weak coking coal market, bearish atmosphere is strong, clinch a deal the situation in general. From coal mine production, since this year, yunnan-guizhou region of coal mine production situation is not optimistic, the current production output is still more, mainly due to the downturn in the coal market and cheap prices, coal mine production enthusiasm is not high as a whole. Downstream stainless steel enterprises large loss leads to lower capacity utilization, lower because capital is scarce coking plant and coking coal inventories, overall weak downstream demand; In July and August is the traditional steel demand is weak, the price of steel and acceleration decreased, late will inevitably affect the raw material prices, cautious coking coal market in the short term. Later if the steel market continues to decline, is likely to drive the capital market to fall again, but could be limited.
this week coke market weak steady running, individual areas the market price slightly low 80 yuan/ton. Off-season run foundry industry downturn, casting enterprise order scarce, enthusiasm is not raw material, coke as weak demand, part of the coking plant to inventory depreciate sales promotion, to drive the market price slightly lower, business mentality is more pessimistic. The metallurgical coke market is more optimistic, clinch a deal after market situation well. Shanxi, shandong and other places of coke market affected by the previous billet in succession fall, recently trading atmosphere from strong to weak, steel mills have been put forward price cut, but the local coking plant inventory is not big, the focal companies to resist mentality is stronger, prices stable operation for the time being. Recently become useful, billet small rebound, the market mentality is slightly better, steel mills for raw materials on mentality, but small and medium-sized steel mills shut down after the issue of the maintenance message also inhibits coke price rises to a certain extent, stainless steel belt traders is also on the sidelines.
