Still continued downturn trend - stainless steel belt Tianjin stainless steel co. , LTD

Current downstream stainless steel belt demand not seen obviously improve continuously, especially steel prices plummeted steel mills profit space narrowing rapidly, part of the loss is serious, is rapidly quench steel production enthusiasm. Herald a spot market resources after the arrival of the goods quantity increased, while the downstream demand in the short term there is no obvious improvement, contradiction of supply and demand is improving, but stress remained. Imported iron ore prices tumbled 42% since this year, during 70 ~ 80 dollars get some support, keep a sharp fall in space has not. Another billet continues to rebound, coking coal and coal in coal rescue policy also rush to factors such as stimuli actively pull up, cost recovery support at the bottom of the recent efforts to good also appeared in steel prices. But overseas mines continue to excess pressure is still obvious expansion of iron ore supply and demand, domestic main port iron ore inventories still wandered the one hundred million tons scale, along with chongqing i-steel factory maintenance increases, the demand for raw materials of production continues to fall is expected to strengthen are reduced, so the late iron ore prices there is a certain space of downside risk, the cost of hong kong-listed downward pressure. Whether the hong kong-listed will also publish relevant policy to help hong kong-listed out of the woods? From recent policy, the domestic part of the directional stimulus measures introduced intensive again, especially real estate, the most cities loosening after purchase, the central bank to relax mortgage policy, clinch a deal is expected to be on the property market to form a constitution. And the National Development and Reform Commission said will introduce several matching scheme of urbanization, the State Council also deployed again starts a batch of major projects, improve the relevant economic policies and measures. While in the third quarter economic downward pressure, under the condition of the fourth quarter of policy easing is worth looking forward to further, but into effective demand always need time to digest, stainless steel belt in the short term is still waiting for the stage. Market as a whole, than the burden of blustery, the hong kong-listed rebound bottom spirit is still weak, the main factor of restricting steel prices rebound is still weak demand and tight, under the condition of the market fundamentals have not significantly improved, even with short-term benefit brought about by the recovery won't last too long, so the recent steel price is expected to run will narrow consolidation. In view of the real estate growth phase is over, short-term stimulus is difficult to reverse the downward trend, period of sex of stabilising the price does not mean sustained rebound, remained cautious about mid steel price movements. After National Day, iron ore spot market clinch a deal the hyperactive, cargo volume is moderate, continuously even once closed at dalian iron ore futures harden board, highest platts index also rose to 83. 75 dollars/tons, record nearly a month, the market atmosphere is not high. But, the price is really bottom is? Production index rose slightly, indicated in September industrial growth rate showed a trend of recovery; Order class index decreased, finished goods and purchase quantity, purchase price index fell, reflecting to the inventory is still in development, business confidence is low, there still exists certain downward pressure on economic growth. In view of this, the late estimates on demand is still difficult to appear larger variables, therefore, not to mention crude steel output fell slightly, coupled with the billet, steel power hong kong-listed in a reversal, as a result, the author suggested that merchants or not about future very hopeful, calm some as well. Part of the goods trip to a bear market has lasted several years, is one of them. Stainless steel belt is still continuation of the downturn, low overlapping and bounce a few, the index has two notches, many people are surprised that has successfully since 2011, when the high 'ks' steel prices down, why haven't found at the bottom.