Domestic steel prices continue to fall, but compared to a few weeks before the price falling emerged some changes.
The beijing-tianjin region construction steel prices rebounded after leading steel mills announced settlement price, stainless steel belt price declines have signs of slowing.
And early decline rapidly, market leading region of hot rolled coil plate, medium plate prices appeared in the late stage of bottoming out, more than the minimum price increase - 50
100 yuan, other parts of the price to rise, but there are signs of stabilisation.
Plunged sharply after two months in a row, the domestic steel mills overall losses, increase in maintenance, the production decline and futures rebound, part last week on the sidelines of purchasing demand in the market purchasing, so that when the spot prices fell rapidly in early appeared a rapid rebound in the short term, individual regions, variety price rebound is larger, but still show the hong kong-listed whole declines.
Experts point out that, due to the recent entry bottom purchase only a few big steel traders, daring hong kong-listed overall weak trend is not reversed, it is difficult to form comprehensive rallies, recent market consolidation may be in the current price level.
the domestic steel prices continued to fall last week, but compared with the last few weeks there have been some positive changes.
Part of the dominant area of rebar, hot-rolled coil plate, plate and the price of steel billet, steel strip, profile appeared long-unseen rebound, such as stainless steel belt price rebound after leading steel mills announced settlement price.
But construction steel prices in the south of the north south market resources continue to the arrival of the goods, the price still keep falling, shanghai-hangzhou and other price drop is controlled in one hundred yuan.
And early fall faster Shanghai, hangzhou, guangzhou, handan, tianjin and other leading area of hot rolled coil plate, medium plate prices in midweek stage after bottoming out near the weekend appeared different degree of rebound, individual regions rebound reached one hundred yuan.
Elsewhere prices temporarily not to rise, but there are signs of stabilisation.
After a rebound is expected to dominate the region price, other recent regional hot rolled coil plate, medium plate market prices will stabilise, but with sharply rise is unlikely.
The current rebound in this small, it is difficult to make form expectations of rising market as a whole, overall market still find it hard to rebound to.
Because after the Spring Festival in recent years, inventory, after depreciation loss after injury, stainless steel belt stock traders will not take the initiative to do before and after the Spring Festival this year, 'at your prices rise and fall, I'm from kui' the vast majority of merchants, the recent entry purchasing boldness is only part of the bottom steel traders.
Can say that overall weak trend is not reversed, the price of partial, phased rebound is difficult to form start a prairie fire.
And, under the current price level steel mills continue to intensify inspection, production possibilities in the fall, but it may not be enough to stimulate the strength of steel production, so the recent market volatility less likely, the overall market price consolidation can at the current price level.
Affected by poor downstream demand, market clinch a deal difficult, traders kill drop shipment, each other, the price also is all the way down.
Near the end of the month, in the steel mills, and the message under the influence of the increase of production and maintenance market prices a brief rebound, but since there is no transaction support, stainless steel traders confidence, soon due to weak, falling back.
