This week 304 stainless steel belt went on the market price is weak Tianjin stainless steel co. , LTD

China's economic growth for 304 stainless steel with declining demand intensity. Of steel consumption of fixed asset investment, real estate development investment growth fell back, home appliance, container industry growth is limited, engineering machinery, such as consumption of large quantities of steel products production has fallen dramatically. From the high-speed growth to rapid growth in the economy in our country, the decrease of strength of steel demand trend is increasingly obvious, steel consumption growth. As the end of the month effect and the Spring Festival draws near, fermentation interbank market financing area of continued tight on Wednesday, the term repo rates are higher. Under this background, the market expected the central bank to continue to intensify liquid delivery.
depth of domestic steel price adjustment is still in the deduction, the finished product material prices continue to low approximation, near the end, the whole of the downstream demand weakened, funding pressure of resources are in place and lower the overall operation of the market before the enthusiasm, and steel mills to keep order during the Spring Festival, is also stepping up actively on receiving, also become the main factors of market rapid deep down, the adjustment is not the end, further weakening sentiment, 'bad', around the main regions of 304 stainless steel prices continue to brush a record low. Now prices, economic growth slowed sharply in the continuation of the pressure in the entity and the control, the bad risk once again enters the room, and the international markets of risk aversion to higher commodity prices fall systematically adjust risk unabated, adjustment is still relay stage. And loose monetary policy has been basically clear, in the case of global liquidity release again, cut or drop in our country must operation will continue to be a big trend, but for hong kong-listed entity is still not good. Profit space narrow, and the contradiction between supply and demand of industry further difficult to attract money, steel price is difficult to have a breakthrough, and before the Spring Festival of hong kong-listed more sad, had winter hopeless, in money collecting, protocol proxy pattern, smaller steel mills resources circulation channels, downstream suppliers begin the holiday in, 304 stainless steel with high production and low demand and reduced overall sales channels will continue to drag steel prices lower, first or there is a wave of losses. Together with the downstream demand continues to finish or closed, the current downturn in the market as a whole to clinch a deal more business mentality also keep downturn situation, now is the mainstream trend still is given priority to with weak down adjustment, or will be reduced. Overall, the endless fall makes manufacturers and traders have no profits to be made, last week to join the increase in the number of factory inspection, clinch a deal on Friday market confidence and a slightly better. Many downstream customers continue the holiday and the market clinch a deal is more delicate, but in the late fall in output, and the price of steel billet stabilizing, businesses no longer panic prices, is expected this week 304 stainless steel with market prices continue to weaken, but the decline will narrow.