Steel prices have stabilized and adjusted within a narrow range, and there is not enough room for decline
- Categories:Industry Trends
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- Time of issue:2021-08-25 09:02
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(Summary description)Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre.
Steel prices have stabilized and adjusted within a narrow range, and there is not enough room for decline
(Summary description)Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre.
- Categories:Industry Trends
- Author:
- Origin:
- Time of issue:2021-08-25 09:02
- Views:
Steel prices are gradually showing signs of stabilization, but transactions have not improved; this week is about to usher in the June economic data release period, which is expected to be good, and Eastern China, southern China and other places will gradually get out of the rainy season, then how will steel prices operate? ? The author believes that in the case of positive long-term and limited short-term real demand, steel prices will continue the entangled trend of ups and downs, and there will be no obvious changes. Last week, domestic steel prices stabilized as a whole, some of them rose and fell slightly, and the market reported that transactions were relatively sluggish; some merchants took advantage of favorable factors to try to increase prices and deliver goods at low prices, but the results were mediocre. Terminal demand is still limited by practical factors such as capital, climate, and under-start. The willingness to purchase is not strong, and the mentality of continuing to wait and see is heavier. However, spot merchants have no idea of lowering prices at this time, and steady consolidation is the mainstream operation. Steel prices were stable and adjusted within a narrow range, and there was insufficient room for decline, and tentative rebounds were also blocked; demand did not improve after July, terminal demand rebounded weakly, and the overall shipment situation was resolutely resisting the trial of steel prices. Sexual rebound. The pattern of strong steel supply and weak demand will continue, restricting steel prices from rebounding. Although it is in the off-season, steel mills continue to increase production driven by profits. In mid-June, the crude steel output of key steel enterprises hit a record high, which continues to bring potential supply pressure; but fortunately, exports can still share the pressure of internal consumption. , And agents continue to maintain light inventory operations due to tight funds and high risk aversion, resulting in limited resources in the spot steel market. There are still specifications and resource shortages, which support steel prices to a certain extent. However, the downstream demand has not yet improved. The decline in the manufacturing new order index indicates that future production activity will decline, and the rainy season continues, continuing to limit the construction progress of outdoor projects, and the terminal on-demand procurement operation mode makes the spot market appear more Plain, this pattern is difficult to change during the male period. Comprehensive view: The price of 304 stainless steel sheet steel is currently in an embarrassing position. The price has fallen to the bottom and it is difficult to break, and it is unwilling to continue to fall; and stable growth has been strengthened, the economic environment has improved, the rebound of futures steel and the rebound of costs have been correct. The steel price has played a role of volley support and it has become more obvious that it has reached an unstoppable bottom. However, it is also difficult to rebound. The light trading atmosphere in the spot market shows that terminal demand has not changed; the cautious purchasing attitude of downstream companies greatly limits the courage of merchants.
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