Still need further wait-and-see - 304 stainless steel with movements Tianjin stainless steel co. , LTD

Vanadium is domestic market as a whole weak transient stability operation, 304 stainless steel price decline in the prophase has slowed. As the downstream end of mainstream steel procurement bidding basic, because steel mills in the overall situation is bad, procurement transaction prices still remain low. Current market purchase demand performance is relatively small, the arrival of the high temperature season, combined with industry most businesses still look more pale confidence for afternoon, markets wait-and-see atmosphere of the gathering. Current market prices basically is close to the market to its lowest level this year, most of the merchants due to the low production is more, the price quotation willingness to continue downward is small, the recent market is expected to continue to run low. Hot dip galvanized square tube fell open today. Understands from the market, affected by the phase of the screw down and billet prices yesterday, the downstream demand gradually turn pale, volume, merchants mind with grief. Section downstream basically completed the stock before, demand will be more weak, when merchants for shipment, or choose to continue to cut the spot sale price. Is expected in a short period of time laiwu construction steel market prices or even fall. Today's domestic hot-rolled coil plate prices continue to rose slightly. Domestic market prices to most major cities, there are also some major cities prices continue to rise. Today's second - and third-tier cities also is given priority to with the stability, market price or will continue to maintain stable before May Day. In terms of the current domestic market, the overall market resources less, most of the specification is not complete, parts of most businesses in the empty state; Fewer resources areas, some businesses have started to limit shipments. On steel mills, at present most of the 304 stainless steel belt is still in the limit production maintenance state, although there are a few parts of resources complementary, but in the short term domestic overall market resources will remain shortage situation. Recent market or supply and demand will remain weak market operation environment, most of the terminal is given priority to with watching, in addition to the part of the rigid demand, or will delay the other demand. On macro, hot rolled coil plate futures prices fell today, until now already dropped to 2400 yuan, or $37. Hot rolling futures fell, or merchants mood swings will result in the terminal market, spot market prices continue to go up and will produce a certain pressure. As for futures prices fell, movements of 304 stainless steel belt still needs further wait-and-see. Money, is now at the end of merchants stock take up less money, businesses money pressure is not big, in the short term strength weak impact on spot prices. Based on the analysis of the market at present, the short-term market is expected to price or will stabilise.