304 stainless steel with Yin fell down today.
Upstream billet prices down at the weekend markets, shagang steel and baosteel price tone and phase plate's recent spot continue today in Yin Yin fell to suppress.
Including construction steel prices amplitude modulation is relatively obvious, the main areas are slightly lower, plank market decline relative to a slightly smaller, hot rolled plate, the plate market sensitive area only lower.
Promulgated by the State Council by the capital market, however, a good boost from nine new countries, a sharp rise in today's market, the 'coal fly color dance' market, the stock market also led to sharply higher rebar futures and futures rebound, hot rolled coil plate stage screw in closed volumes 'Yang package Yin', shows the long-short pattern transformation, in the short term strong expectations of tomorrow is larger, and the hot-rolled steel futures also closed out the long so small Yang line, in the short term bull trend are also enhanced, also have strong stabilizing expectations, will confidence in spot hong kong-listed formed certain cement, steel prices falling space or Yin is not big, fall tomorrow will shrink, 12 cr1mov steel, 304 stainless steel belt.
Whether on the transfer market pattern, however, is still hard to say.
Depressed demand decline in economic growth, manufacturing, domestic and foreign funds and geopolitical tensions of the risk and increase of the hong kong-listed supply will put pressure on steel prices to continue, after some adjustment of market in April after entered the relative position of weak balance of supply and demand, prices in the face of bad as well as the increase of resource supply in May still need to continue to look for new weak balance points down, after more than a week to the downward adjustments, the strength of the short-term capital markets higher price is expected to lead to run or temporary into balance, but it is still difficult to establish whether the bottom of the periodic.
Therefore, steel prices tomorrow go here or there, on some sensitive varieties or agent.
though macro is good, the import and export data is far stronger than expected in April, the manufacturing sector continues to improve, and 304 stainless steel with export record a high-lever, effectively alleviate the pressure of the domestic supply;
Iron ore investment scale is the third time, turn shantytowns into new housing areas around the speed are also good hong kong-listed, such as the national housing price quantity down, however, the real estate enterprise bankruptcy from news that hong kong-listed pessimism spread, such as terminal industry of steel procurement is also on-demand execution, coupled with the recent rain affect the rigid demand constantly, so the real demand for steel is expected in the short term the downstream industry limited release.
to sum up, from the inventory point of view, steel inventories and social inventories are falling, that needs to maintain normal, but the market price callback.
The reason is that there are about two aspects, one is the period of screw, the businessman mentality can't get a lift, add to the market.
Bad news on the other hand, the raw material market competing, coupled with the macro news is no good, the market is under the influence of business mentality continuous development in the direction of the pessimistic, so in the short term, not be enough to stabilize rebound, or continue to wait for the opportunity to callback.
In the spot market price of 304 stainless steel with low rising, steel trade, is also sad unceasingly, for steel mills of the latest round of pricing policies be vividly portrayed, but with a further implication.
