The overall supply pressure slants big - of the late stainless steel belt Tianjin stainless steel co. , LTD

Stainless steel belt today continued weak downward. And go up by rebar futures and hot rolled plate, spot market the beijing-tianjin area rebar prices edged up 30 yuan, hot-rolled market part in handan area pretty city will is stronger, the individual also is intensive operation, but cold rolling and medium plate market price is still the continuation of the weak. Stocks continue to repeat the 'super suction gold' soaring today, the Shanghai composite index on 4900 points, 5000 points is just around the corner, but compared with the stock market, stage set slightly higher still reveal its obvious weakness, and phase of the screw and hot-rolled steel futures were out of the long today small Yang line, means that the bull is strongly against smoking, but is still empty Fang Qiang potential, the market can weak the twitch, also difficult to been a leading role to the spot market. For now the steel market, after the previous two push up after an inconclusive, external stimulus for the spot market to promote relatively limited, and the finished product material under the current north-south gap upside down and yield to stainless steel with a weak highlighting unceasingly, can support spot prices remain strong, timber prices continue to run low pattern will continue. Money, although the central bank recently sustained relatively loose monetary policy, but the recent open market has 11 consecutive suspend operation, and near the end of the month, steel trade business overall uplift pressure on the financing side, market warms up collection order operation, relative disadvantage in the price of the market pretty city. Therefore, in terms of short-term market, most still to partial timely cash profit of existing operation, the weakness of demand is the shortcomings in the spot market, external stimulation effect is relatively limited, the phase plate pushing up only is the episode in the market is weak consolidation, difficult to form the trend, fell downward trend.
the current cost of raw material market prices of steel support strength is not big. At present, steel mills started to increase, thus increased the iron ore purchases. Weaker but, as the steel prices and iron ore prices, steel mills for iron ore procurement will become more cautious and spot iron ore prices are hard to continue to rise sharply. At the same time, the raw material such as stainless steel with the market price is still in downlink channel, the cost of steel market prices support strength is not big.
together, although slightly pull up helped by strong trend of the futures price yesterday, but should also see parts of the imbalance of supply and demand has increased, rather than ease under the condition of the overall market demand, obviously not endure, futures fundamentals is expected steel prices today for shock adjustment. Markets, yesterday by the surge in iron ore futures, associated phase volume concussion higher, with the spot market confidence, in east China mainstream stability of small and medium-sized, south China, north China and central China, such as steady running. Clinch a deal the downstream with the enthusiasm to heat up, resources have improved, but the amount is still limited. More around the current inventory is not big, but due to the north after the market price callback, steel mills on the market of south shipments have increased again, late stainless steel with the overall supply pressure slants big, drained and combined with the end of the pressure, shipment operation is difficult to keep prices up well. In conclusion, expect the present hot roll of consolidation.