Today's domestic 304 stainless steel with Yin fell down.
Construction steel weakening in the steel pipe price stability, market shipments continue to Yin down adjustment, and downward phase screw sharply increased storehouse, technically every average divergence help falling down, next week is expected to market or difficult to change, pushing steel tube spot hong kong-listed expectations.
Raw materials, the weekend two days of tangshan billet prices down 40 yuan/ton, 150 local general carbon billet ex-factory price 2730 yuan/ton.
Still dominates the current weak market, steel market overall trading atmosphere is depressed carefully, short-term moderate replenishment is difficult to form a continuous support to the market.
In addition, although some steel mills in the blast furnace production intent, to ease the tension or to a certain extent, the current resources but no positive policies to stimulate the macro aspect, therefore today tangshan steel billet is expected to continue to maintain a weak market adjustment.
News, June 13, the National Bureau of Statistics released data such as consumption, investment in May.
At this point, the main economic indicators in May base.
In addition to investment growth, steel tube other major indexes is given priority to with recovery, many indicators also hit a year high.
Taken together, continued weak Yin fell last week.
Downturn phase raw material steel, cold and cheerless, final demand for low prices supporting role.
Short-term weakness, expect the steel pipe price still is given priority to with weak plate today, from the point of view of the present steel pipe hong kong-listed fundamentals, funding level did not appear obviously easy operation, but tightening is abate, suppress relaxed to the market, the short-term capital market stop falling against smoking increase boost spot market confidence probability, eliminate backward production capacity was intensified and micro stimulus effect appeared to steel tube spot turn good market expectations, the domestic steel prices are in the final struggle.
Steel production has fallen sharply hard, oversupply situation is difficult to reverse, late 304 stainless steel belt is still difficult to sharply, will continue to run in low volatility.
After the early stage of the market price volatility, especially experienced a significantly falling, prices were stable in the near future market, steel market mentality also found some stability, steel new resources of a small amount of the arrival of the goods, on the other hand, according to the weak strength of steel demand is more outstanding, as a whole will suppress the steel price is weak.
Geopolitical risks in the international market and the medium-term bearish suppress liquidity contraction to maintain domestic demand for steel pipe hong kong-listed low inventory, low weak balance pattern is gradually weakening, market resources digestion speed slowdown will lead to weak balance tilt to one side, steel tube are still larger hong kong-listed breakthrough downward or probability.
'Steel pipe industry in July PMI main sub-index, new orders and new export orders index rebounded to expansion interval, purchasing steel pipe price index has since rebounded sharply, low shows weakness before the steel pipe hong kong-listed incipient signs.
'PMI data recovery, is expected to a weak recovery in China in June, and the stimulus increase is expected to pull the city of 304 stainless steel belt end demand better.
