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The market price of 304 stainless steel strip may be adjusted slightly in the short term

The market price of 304 stainless steel strip may be adjusted slightly in the short term

  • Categories:Industry Trends
  • Author:
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  • Time of issue:2021-08-25 09:08
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(Summary description)At present, the domestic construction steel market is relatively weak. The continuous decline in the price of 304 stainless steel strip has made the profit margin of steel mills very small. Some qualified steel mills have gradually reduced the production of construction steel, increasing the production of plates with certain profit margins; secondly, since 2014, my country The volume of steel exports continued to rise. From January to August, my country exported 56.83 million tons of steel products, a year-on-year increase of 35.4%, setting a record high. In the case of continued weak domestic demand, a large number of exports eased domestic supply pressure. However, from the perspective of price, there is still no advantage. There is a phenomenon of "price-for-quantity"; thirdly, excess production in the north still exists in the fourth quarter of this year. The domestic steel market demand is weak, and the situation of North China goods going south is not optimistic; finally, the current operating rate of steel mills in North China is generally high, basically maintaining full capacity production, and the pressure on the supply side still exists. If the demand cannot be effectively recovered, the price of 304 stainless steel strip in the future Or will be further under pressure. To sum up, in October, domestic hot coil production was affected by the overhaul, and there was a substantial reduction in production. However, due to the reduction in orders from various steels, the resources flowing to the market did not decrease, and the market will still be under greater sales pressure in the later period. Although it alleviates the gap of insufficient internal ascending power, it accounts for a relatively small amount after all. Merchants and downstream companies have strong willingness to replenish warehouses, the billet market is fair, and the domestic market is operating smoothly as a whole. Recently, after the billet weather vane market in Tangshan fell sharply to 2350, downstream and merchants began to buy bottoms. The transaction was hot for a while, and the price rebounded to 2470. However, due to weak demand support, it fell back to 2400 and around 20 yuan in the last two weeks. The author predicts that the psychological bottom of the market will be at 2400, and the overly pessimistic outlook has been basically eliminated. However, as the leading market prices continue to consolidate at a low level, 304 stainless steel strip merchants have lowered their expectations for a price rebound, so they began to lower their quotations, and because the spread is still large, it is expected that there is still room for decline in the short term. In terms of inventory, the current inventory in the hands of merchants is low, and the large-scale inventory is only about 1,000 tons, and there is no plan to replenish in the short term.

The market price of 304 stainless steel strip may be adjusted slightly in the short term

(Summary description)At present, the domestic construction steel market is relatively weak. The continuous decline in the price of 304 stainless steel strip has made the profit margin of steel mills very small. Some qualified steel mills have gradually reduced the production of construction steel, increasing the production of plates with certain profit margins; secondly, since 2014, my country The volume of steel exports continued to rise. From January to August, my country exported 56.83 million tons of steel products, a year-on-year increase of 35.4%, setting a record high. In the case of continued weak domestic demand, a large number of exports eased domestic supply pressure. However, from the perspective of price, there is still no advantage. There is a phenomenon of "price-for-quantity"; thirdly, excess production in the north still exists in the fourth quarter of this year. The domestic steel market demand is weak, and the situation of North China goods going south is not optimistic; finally, the current operating rate of steel mills in North China is generally high, basically maintaining full capacity production, and the pressure on the supply side still exists. If the demand cannot be effectively recovered, the price of 304 stainless steel strip in the future Or will be further under pressure. To sum up, in October, domestic hot coil production was affected by the overhaul, and there was a substantial reduction in production. However, due to the reduction in orders from various steels, the resources flowing to the market did not decrease, and the market will still be under greater sales pressure in the later period. Although it alleviates the gap of insufficient internal ascending power, it accounts for a relatively small amount after all. Merchants and downstream companies have strong willingness to replenish warehouses, the billet market is fair, and the domestic market is operating smoothly as a whole. Recently, after the billet weather vane market in Tangshan fell sharply to 2350, downstream and merchants began to buy bottoms. The transaction was hot for a while, and the price rebounded to 2470. However, due to weak demand support, it fell back to 2400 and around 20 yuan in the last two weeks. The author predicts that the psychological bottom of the market will be at 2400, and the overly pessimistic outlook has been basically eliminated. However, as the leading market prices continue to consolidate at a low level, 304 stainless steel strip merchants have lowered their expectations for a price rebound, so they began to lower their quotations, and because the spread is still large, it is expected that there is still room for decline in the short term. In terms of inventory, the current inventory in the hands of merchants is low, and the large-scale inventory is only about 1,000 tons, and there is no plan to replenish in the short term.

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2021-08-25 09:08
  • Views:
Information
At present, the domestic construction steel market is relatively weak. The continuous decline in the price of 304 stainless steel strip has made the profit margin of steel mills very small. Some qualified steel mills have gradually reduced the production of construction steel, increasing the production of plates with certain profit margins; secondly, since 2014, my country The volume of steel exports continued to rise. From January to August, my country exported 56.83 million tons of steel products, a year-on-year increase of 35.4%, setting a record high. In the case of continued weak domestic demand, a large number of exports eased domestic supply pressure. However, from the perspective of price, there is still no advantage. There is a phenomenon of "price-for-quantity"; thirdly, excess production in the north still exists in the fourth quarter of this year. The domestic steel market demand is weak, and the situation of North China goods going south is not optimistic; finally, the current operating rate of steel mills in North China is generally high, basically maintaining full capacity production, and the pressure on the supply side still exists. If the demand cannot be effectively recovered, the price of 304 stainless steel strip in the future Or will be further under pressure. To sum up, in October, domestic hot coil production was affected by the overhaul, and there was a substantial reduction in production. However, due to the reduction in orders from various steels, the resources flowing to the market did not decrease, and the market will still be under greater sales pressure in the later period. Although it alleviates the gap of insufficient internal ascending power, it accounts for a relatively small amount after all. Merchants and downstream companies have strong willingness to replenish warehouses, the billet market is fair, and the domestic market is operating smoothly as a whole. Recently, after the billet weather vane market in Tangshan fell sharply to 2350, downstream and merchants began to buy bottoms. The transaction was hot for a while, and the price rebounded to 2470. However, due to weak demand support, it fell back to 2400 and around 20 yuan in the last two weeks. The author predicts that the psychological bottom of the market will be at 2400, and the overly pessimistic outlook has been basically eliminated. However, as the leading market prices continue to consolidate at a low level, 304 stainless steel strip merchants have lowered their expectations for a price rebound, so they began to lower their quotations, and because the spread is still large, it is expected that there is still room for decline in the short term. In terms of inventory, the current inventory in the hands of merchants is low, and the large-scale inventory is only about 1,000 tons, and there is no plan to replenish in the short term.
 
According to feedback from merchants, due to poor transactions, saleable resources have risen rapidly, and near the end of the month, the market is always facing payment requirements, and price pressure has increased. It is also learned that Cangzhou China Railway's main direct-sending traders sold February orders in advance, and the quotations were low by RMB 2,440-2,480/ton. This shows that the market is bearish sentiment. Therefore, shipment arrangements are made in advance to break down the Spring Festival holiday. Increase in inventory risk. From the current point of view, even if the price is falling for promotion, the transaction is not very satisfactory. Today's large transactions are mostly 200-500 tons. Without the support of downstream demand, the market is likely to compete viciously. As the downstream construction sites in the local market are approaching the end of the year, most of them have begun to gradually stop work, which has caused a certain degree of suppression on the demand side. In addition, the influx of northern materials has a greater impact, and the selling price is lower than the local market price, and the overall mentality of the merchants is weakening. Now it is in the seasonal off-season, and there is no good news on the macro side. Steel traders are not clear about the trend of the coming year. They mainly ship and have no desire to stock up. It is expected that the market price of 304 stainless steel strip may be adjusted slightly in the short term.

More Information

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The domestic stainless steel strip market trend is obviously stronger than that of steel, especially the relatively strong performance of imported mines, and the call for price increases of coke has been high. However, as steel prices gradually approached the marginal cost of steel mills, the purchasing enthusiasm of steel mills weakened. After the second half of the month, the trend of the raw material market began to weaken, billet and scrap fell relatively sharply, and the prices of imported iron ore and coke also eased at the end of the month. Due to the sluggish demand in the steel market during the off-season, steel prices have also been declining. Steel mills have reduced production and increased maintenance, which has a greater impact on the prices of raw materials. In fact, the prices of raw materials are still stable except for iron ore. Both have fallen sharply.
DongGuan XingYe Metal Material Co., Ltd.

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Copyright© 2021 DongGuan XingYe Metal Material Co., Ltd.  All rights reserved

粤ICP备05060573号    Powered by www.300.cn

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