Telephone：
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61212386/61212387/61212388
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Email： sales@eastasiametal.com
------------------------------------- Sales Skype：
EAM-Thomas
EAM-Echo
EAM-Monica
EAM-Bob
EAM-Anna
EAM-Tim
EAM-Jack
61212386/61212387/61212388
Fax： +86-21-61275188
Email： sales@eastasiametal.com
------------------------------------- Sales Skype：
EAM-Thomas
EAM-Echo
EAM-Monica
EAM-Bob
EAM-Anna
EAM-Tim
EAM-Jack
Lower price of stainless steel
Understand from the market, the futures rebound to boost market sentiment, the downstream enquiries are fair, but the actual transaction did not see obvious improvement, and near the end of the month, partial businessman influenced by pressure, pretty price will wane, today the market trading atmosphere is still mediocre, together with middlemen speculative demand is weak, the drop is still not as good as expected, after all the tenants operation subject to give priority to, Ming steel price is expected to continue weak adjustment.
Whether it is to maintain market confidence or to cover the shipment of goods, the guiding price of steel mill is still continuing to be the same should change the situation, in the placeless market, the change is more just the market mentality, because of the worry about the later market situation, goods is the current theme.
Before the Spring Festival of 2018, the market expects that the steel production restriction in the heating season will lead to the reduction of steel supply, slow inventory accumulation, and the shutdown of downstream heating season will lead to the concentrated outbreak of demand after the Spring Festival, and the mismatch between supply and demand will drive up the price. However, during the Spring Festival period, the social inventory exceeded the expectation. After the Lantern Festival in early march, the inventory reached a record high, while the steel mill inventory continued to rise throughout march, exceeding the same period in the last two years. Pre-holiday optimism was hit, with Shanghai thread spot prices falling 13.8% to 3,730 yuan per ton from 4,330 yuan at the start of the year. On March 23-26, the United States announced the imposition of tariffs on steel imports, and trade war fears pushed steel prices further down to the year's low of 3,510 yuan per ton.
In the past two weeks, the price of 304 has been significantly reduced in scope and speed. Some traders said, "even at the current price, there is almost no profit to speak of, and even a loss has occurred. And when customers come, the price can be "detailed", even so, the volume is still difficult to satisfy. Since the price reduction deal is still not good, some traders simply strong support price, but in the current market, support price is difficult to form synergy, and the future of the pessimistic expectations, it is difficult to find support price.