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Will gradually return to rational - 304 stainless steel belt Tianjin stainless steel co. , LTD
by：Hongmei
2020-09-06
Shanghai Shanghai prices fell this week, for 304 stainless steel belt market next week and remind everyone pay attention to the following several aspects:
one, demand factors. Zhou Qing good weather and ore price, screw up, failed to stimulate the demand of terminal of amplifier, overall demand performance was disappointing. Lack of sales support, steel prices are still higher fatigue. As the steel price, ore price to adjust, the end user more strong wait-and-see atmosphere, the dealer stock are also more cautious, expected short-term weak demand situation will continue.
the second, the supply factors. The current steel mills are still early to use the cheap raw materials, production enthusiasm continue to ascend, drainage plan according to the survey most enterprises may yield is increased in April. But as the ore price rise and steel prices fell back, recently some adjustable billet rolled products enterprises overhaul the rise again. And the current 304 stainless steel belt factory export situation is still good, steel exports in April to return to more than 8 million tons. Therefore, short-term market supply pressure is still not clear and big.
third, cost factors. Imported ore price sharply this week soared to $60 / ton, at its highest level in nearly two months. Coal tar market continued to slump, give priority to with stability and fall. With the latest raw material cost calculation, the majority of steel mills have to losses and costs to support a strong trend. But from the point of steel prices, east China regional leading producer prices for steel mills in early may choose the flat, weaker than market expectations, reflects the steel mill to the city still cautious. Therefore, the cost of 304 stainless steel belt is difficult to form a substantial support.
its 4, policy factors. Politburo meeting in late April clearly expounds the stance of policy relaxation, is expected to continue to the government in to months through monetary and fiscal policies and administrative measures to relax measures to boost demand growth, especially the investment demand growth. In April and the end of this week the price data to be announced, widely expected price data will continue to maintain low, monetary policy easing will still have a lot of space. A sustained release of policy easing signals, confidence in the market will form a boost.
to sum up, the current market demand in general, no obvious change. But the central bank to cut interest rates again over the weekend, could boost market confidence, and the latest figures show that the domestic steel export situation is good, the main stock spot market is relatively low, it will support steel prices to some extent, weaken down speed. In general, after nearly a month after rising sharply, 304 stainless steel belt will gradually return to rational, under the stimulus of benefit, in the short term, steel prices or high and volatile.
one, demand factors. Zhou Qing good weather and ore price, screw up, failed to stimulate the demand of terminal of amplifier, overall demand performance was disappointing. Lack of sales support, steel prices are still higher fatigue. As the steel price, ore price to adjust, the end user more strong wait-and-see atmosphere, the dealer stock are also more cautious, expected short-term weak demand situation will continue.
the second, the supply factors. The current steel mills are still early to use the cheap raw materials, production enthusiasm continue to ascend, drainage plan according to the survey most enterprises may yield is increased in April. But as the ore price rise and steel prices fell back, recently some adjustable billet rolled products enterprises overhaul the rise again. And the current 304 stainless steel belt factory export situation is still good, steel exports in April to return to more than 8 million tons. Therefore, short-term market supply pressure is still not clear and big.
third, cost factors. Imported ore price sharply this week soared to $60 / ton, at its highest level in nearly two months. Coal tar market continued to slump, give priority to with stability and fall. With the latest raw material cost calculation, the majority of steel mills have to losses and costs to support a strong trend. But from the point of steel prices, east China regional leading producer prices for steel mills in early may choose the flat, weaker than market expectations, reflects the steel mill to the city still cautious. Therefore, the cost of 304 stainless steel belt is difficult to form a substantial support.
its 4, policy factors. Politburo meeting in late April clearly expounds the stance of policy relaxation, is expected to continue to the government in to months through monetary and fiscal policies and administrative measures to relax measures to boost demand growth, especially the investment demand growth. In April and the end of this week the price data to be announced, widely expected price data will continue to maintain low, monetary policy easing will still have a lot of space. A sustained release of policy easing signals, confidence in the market will form a boost.
to sum up, the current market demand in general, no obvious change. But the central bank to cut interest rates again over the weekend, could boost market confidence, and the latest figures show that the domestic steel export situation is good, the main stock spot market is relatively low, it will support steel prices to some extent, weaken down speed. In general, after nearly a month after rising sharply, 304 stainless steel belt will gradually return to rational, under the stimulus of benefit, in the short term, steel prices or high and volatile.
