The price of stainless steel belt has to be continued negative digestion - Tianjin stainless steel co. , LTD

Last week, the domestic stainless steel prices continue to fall generally, in addition to the minority area is flat, most market weak downward pattern. April economic data is not good, especially the amount of real estate price is down trend, severe crackdown on market confidence, at the same time, the continued weak futures and electronic trading, the forward market, the price down Yin, clinch a deal in the spot market, traders are hoarding will reduce the goods, shipment will increase, steel prices keep falling. In addition, the steel production rose, social inventory reduction negative effects, such as slow downstream end procurement cautious, demand, market bearish mood gradually strong, wait and see attitude. Thus, steel prices last week, the overall continues to decline. Week opened, the phase plate to go low shock, combined with the billet narrow down over the weekend, pessimistic spot steel market panic again to add thick, continued weakening of the plate market. Comes in late may, merchant capital problem comes, walk around the market at low price goods cash phenomenon also increased obviously, hot dip galvanized round steel prices stabilised increasing pressure. Due to recent business replenishment enthusiasm is weak, steel mill is commonly on agreement of resource supply, stock market remained low level, market supply pressure is not obvious. The current social inventory is not high, but the stock has gradually lose the effect of reservoir, merchant shipping market situation and earnings are truly reflect the main standard. However, in the case of a sluggish real estate market this year, its steel industry, machinery and shipbuilding industry recovery is slow, medium thickness plate market demand has always been tepid, clinch a deal the weak across markets. Businessman always maintain a cautious traders, mainly in hot dip galvanized round steel price agreement traders can be maintain 50 yuan of profit space, lock price model profit more and more difficult, the market is difficult to have active. Market prices in the short term domestic medium plate is expected to continue weak consolidation. Stainless steel belt
at present, the market price of construction steel and plate differentiation is very obvious. Amount of construction steel, the real estate market price is falling, fixed asset investment growth fell back, and the rain weather, construction procurement, market clinch a deal the malaise. Construction steel prices, especially for rebar prices dropped sharply, weekly decline in parts more than one hundred yuan, sales blocked, the market continued drop. Cut down the plank, although the overall market, but compared with the construction steel, resilient evident, smaller fall, fall slower. Although baosteel and other steel mills to decline price policy in June, but traders follow up will temporarily is not strong, the majority of merchants maintain wait-and-see attitude. Inventory is 'ten by', and even in parts of the continuous specification is not complete, but the hit a new high capacity, late is bound to increase market supply. Combined with the downstream money now also not bounteous, increases with the increasing mining use. In addition, the more the rain season, the purchasing requisition will discount greatly, even heavy rains for many days, waterlogging, poor business mentality. Thus, short-term downstream demand release a forlorn hope. But in terms of the current steel prices have dropped to its lowest level since 2011, as the futures and spot markets down sharply in the short term, traders continue to sharply winners will is not strong. And steel prices continue downward, traders bottom market attitude will be enhanced, inhibit the falling velocity and amplitude. In general, the price of stainless steel with negative still to be continue to digest, steel price or will continue downward, but fell space is limited.