The price of stainless steel belt is expected to continue to narrow the weak shock run - Tianjin stainless steel co. , LTD

This morning, the stainless steel belt to continue to rise, but the downstream is not cooperate, high strip light volume, eventually leading to its price to return to the starting point. Profile, construction steel market basically stable, light volume. The afternoon for billet market stability, manufacturers still is given priority to with watching. From the current situation, slight rebound after the low billet continuous innovation are also understandable, and hong kong-listed downward trend, there is no change, the obvious contradiction between supply and demand of steel, and steel capital pressure, so the late billet prices are still falling risk. Steel market decline eased a little, signs of stabilizing, but the trend is still bearish, late in the case of steel to clinch a deal not free, powder within the overall market is still the continuation of the weak tone, but the ore selected enterprise capacity utilization is low, traders' enthusiasm is not high, delivery downward, northeast China steel mills internal powder crackdown slightly slow, purchasing step-by-step, price stability, according to the author, steel mills such operation mode of the main reason is that when the end of the month and at the end of money collecting is becoming more and more tight, in the past month, the housing decline narrowed, and virtual renewed surge in capital market, say good to reduce the cost of financing has been elusive. Merchants in the face of weak cannot alter, payback periods gradually stretch powder in the market, only helpless closed, watching, stainless steel belt market clinchs a deal difficult to see. In view of the above points, combined with ultra-low steel spot market at the bottom of the inventory and steel price; Under spearheaded by railway infrastructure investment to speed up, once the macro policy to steady growth in the round, will greatly stimulate business confidence in the market next year, has been part of the market at the bottom of the big show will while steel prices at the end of the idea of stock up. Bad thing has its reason, before a few years almost give up steel had winter steel trade domain, does not rule out the phenomenon of breeding stock up again bet on the spot market. Strong, positive expectations for the future of the current stainless steel with low inventory even zero inventory can not reassure markets, obviously, no matter how many merchants replenishment in December will be a big probability event. But notable is, the current domestic commercial Banks non-performing loan ratio is still rising, ending at the end of the third quarter has reached a high in nearly four years, which will allow each big commercial Banks will give top priority to control the loan risk, credit limit on steel industry more and more common. Therefore, under the bank lending is not really let go, the tight capital iron and steel industry will continue. Although the upstream coal market policies positive and coal demand in winter season, appear at the bottom of the rally; Metallurgical coke market is relatively stable, maintain low inventory operation, more stringent control of purchasing price, clinch a deal is very general, said sales pressure upstream of coking enterprises, investigation learned that most of the coal enterprise said temporarily no increases in November.
to sum up, although good bearish on the market is still in the game, but could not lift the demand side, is still a major negative impact; December test of the market is still large, aspects of supply and demand contradiction is difficult to mitigate, fund pressure, will hasten vendors selling increases. Therefore, the author stainless steel belt price is expected to continue to run a narrow weak shock. After steel concentrated inventory, plus prices rebounded, pull the imported ore prices rose slightly, such as rose to highs during the month of $85 / ton level; Entered the second half, as steel mills end of an inventory, steel mills cut production, such as news, ore prices to return to the low consolidation, slightly callback.