The late is still not optimistic - 304 stainless steel with movements Tianjin stainless steel co. , LTD

Today the stabilisation of steel, screw fell slightly, 304 stainless steel belt stability much weaker. National market remains weak today, years after the market downturn is difficult to change, some steel mills are still not start receiving, small plant capacity utilization is low, businesses don't eager to return to the city. Currently in steel demand will obviously, businesses more than less actual clinch a deal is given priority to with inquiry, short-term market is chaotic, more trading less at a lower price, is expected to scrap without recover from a near term. Is current market pessimistic atmosphere is strong, but businesses or for afternoon recovery or hope, but the recovery scrap steel market this year is likely to be later than usual, temporarily look weak rebound space.
the hong kong-listed comprehensive turn down, the main product of material prices have weakened, and the upstream steel billet price low pull-up is different, the finished material in stock market rise, demand is weak, not popular, and no money driving under the influence of the overall operation is won the weak, prices overall downward, some adjustments accelerated. And under the steel price decline is all the way, raw material prices also lower whole, cost centre of gravity is diluted, imbalance between supply and demand, competition and industry development bottleneck stage, cost down will further reduce the focus of the finished product material price, continue to squeeze and reversed transmission market to speed up adjustment. While money missing will be the looser monetary policy under open economy development is difficult to enjoy the corresponding benefits, market need the real difference between supply and demand to promote and reverse. Must run, hong kong-listed did not get rid of the trouble, low domestic market of the so-called new normal new normal may be understood as a low price. On the day of the whole city was not affected by the positive, prices are still falling slightly. Specific terms, such as building materials market in north material low phenomenon, especially the two meetings held in Beijing, had a significant impact on the construction of the end user; Plate of cold and hot rolling plating the market to digest inventory, vulnerable to adjust price. After impact ultimately lies in the supply and demand of spot market prices, is the relationship of supply and demand determine the steel price movements. So the central bank to cut interest rates did not form a positive support to the market. But some operators think, cut channel has just opened, there are 3 - do not rule out this year Cut interest rates five times, although this round of rate cut will not cause too big to in the short term of 304 stainless steel belt, or impact is limited, but the medium to longer term policy accumulative effect can not be ignored. To sum up, is expected in the near future domestic pig iron market weak hard to change, offer won't appear fluctuations. Specific view, 3 imported ore market clinch a deal, weak prices stable. Spot: recently, some manufacturers have started to purchase purchase imported mineral resources, but because of the timber market continued weakness, steel inventory pressure increased, on-demand procurement of raw materials such as iron ore, the market pessimism deepened, more is given priority to with watching. Comprehensive consideration, import ore market weakness is expected in the near future. Outside the domestic iron ore market remains generally weak, the price and affect the price of steel, to get a mentality more strongly. In north China of the disadvantaged consolidation stage, the mindset is still not very optimistic. Northeast China remain weak steady running, ore price low for a long time of depression, in the different mentality. East China area is still relatively stable, the market overall stability. Continue to run stability in southern China, the market in a weak phase. At the current situation, wait-and-see atmosphere full-bodied, steel mills on-demand procurement, is expected in the short term domestic ore market is given priority to with stability. Domestic coke spot market overall stabilizing local continue to adjust, shanxi, anhui regional style drop 20 - market price More than 60 yuan, the market temporarily stable performance; Futures continue to consolidate, today didn't have a clear improvement in steel market movements under the premise of the late 304 stainless steel belt situation is not optimistic, recent operation still suggest cast high low suck do shock action