The whole of 304 stainless steel with the power price movements are not strong - Tianjin stainless steel co. , LTD

Peripheral good bad companions, hong kong-listed stock has entered the phase of a narrow enclosure volatility, price of 304 stainless steel belt region walk comfortably, more parts of the city to pull up a agent rose in early trading, however, as the phase plate back to clinch a deal failed to follow up and quote is loose, short-term growth hard to continue. The macro aspect, the central bank announced yesterday night orientation of news, part of the bank lowered the deposit reserve rate is 0. Directional fell 5%, but must release the fund shortage of billions. And the capital market is for IPO restart pressure, at the same time, year-on-year CPI also adjusted to 2 in May. 5% to their highs for monetary easing the tone of short-term or difficult to achieve. June money pressure still needs to be priced into the market. Also need to pay attention to spread the risk of financing the ore of iron ore futures and put pressure on phase screw products, drag the rest of hong kong-listed confidence. Therefore, the present difficult out of the mire, prices for hot-rolled coil plate with new resources in the middle of the arrival of the goods, the appeals of the market still has to continue to adjust.
local demand release to maintain the downturn, some businesses maintain a bargain can be shipped, only individual businesses under the condition of considering the resource cost, did not follow low, which leads to the gap between the local resources similar steel mills have widened. Merchants in the majority with cautious pessimistic mentality. Phase of the screw, yesterday screw main 1410 contract leave tight trading range, high performance late rose slightly, but the gains are still limited. The other yesterday EGang temporarily not issued early price policy, or cautious wait-and-see mainly shows that steel plant. Whole, now is 304 stainless steel belt price or consolidate weak.
markets yesterday continued steady weakening in the pattern. Although steel rebound, but markets wait-and-see mood is still serious, merchants feedback to clinch a deal to light, increased competition, clinch a deal the bargaining space. Businesses remain cautious about late price movements. Besides hot rolling are local tempted to pull up, but the market demand and without any improvement. Market driven co. , LTD. The lack of positive factors, are expected to improve, to market a local oscillation. Tied, the current market status, on the one hand, the weak cannot alter, weakness of rose, on the other hand, in the case of most specifications out of stock, the downside there is resistance, most business inventories relatively low, the pressure is not big, do not rush to on sale. After falling for several days ago, 304 stainless steel market prices hit a new low, markets wait-and-see mood gradually thick. And clinch a deal with the situation has improved, short-term market continues to fall out of steam. Yesterday's market as a whole is given priority to with weak finishing. And show signs of recover from outside the mine, the price is resilient to gradually strengthen, traders gradually reduce inventory, sales pressure eased, reduced sharply lower the possibility of late. Futures market volatility consolidation eventually rose yesterday, stock markets were mixed, clinch a deal the market at present situation, shipments to maintain normal low level, due to the stock market is low, small businesses to inventory pressure, stable market mentality. The market to reduce the number of orders in June, business is not late less inventory is difficult to change, at the same time reflects the afternoon need not look good. The whole of 304 stainless steel with the power price movements are not strong, stabilizing consolidation is expected today.