As the weather warmed, terminal demand is moderate, stainless steel belt and most terminal first has not had winter, so after appropriate inventory makes steel billet, finished product material market more active.
However, when the billet prices over $2050, part of the warehouse resources begins to flow, makes the billet emerging overbuilt, rushed up to form drag on prices.
At the same time, import ore prices are lower, makes the cost of supporting strength weakening.
And although terminal have inventory, but cautious, inventory quantity is limited, the billet continuous pull up inhibition effect.
In addition, the billet inventory pressure remains and warehouse resources tray due to steel billet in foshan.
Taken together, the pattern of tangshan steel billet in the short term will remain tight trading range.
This week, the domestic department of tungsten market is given priority to with steady operation, the whole deal.
Earlier this week, in a finished product material price to rise, tangshan billet prices also rebounded, but because of the billet volume did not significantly moderate, make its price rises significantly less than the finished material, vendor is given priority to with watching more.
Stainless steel with a slight pull up the billet market after clinch a deal is not ideal, especially as part of the warehouse resources into the market, overbuilt billet.
As a result, the rise in short-term steel market is not industry can bring more positive, and set a dangerous precedent for late market decline, the leading market prices fall, will be a decline in steel prices.
Surface weak iron ore market supply and demand, the price pressure.
On the one hand, the environmental pressure has some iron and steel enterprises to form a deadly threat, along with the environmental laws strictly enforced, the domestic steel production is expected to increase, the iron ore resource demand will shrink further, increase the market pressure.
Major foreign mining enterprises, on the other hand, 'incremental sale' policy, increase the degree of iron ore market oversupply, another dollar and Australian dollar exchange rate change, make price or cheaper.
Thus, under the guidance of our imports ore prices falling, the domestic iron ore market is difficult to have looked up to.
North China market clinch a deal the downturn, the overall price adjustments, while not obvious, but the market pressure, choose the manufacturer has no space.
The northeast market little clinch a deal, under the pressure of imported ore prices are tumbling, liaodong, most of the western liaoning region mine enterprises is still in the idle state, sales no profit, makes the manufacturer operation insufficient motivation.
East China market performance cold and cheerless, most of the miners in shandong district besides maintain contract supply, there is no too much sales, its price is confined, late stainless steel prices expected to highlight.
