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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
Stainless steel is still likely to decline
Nowadays, traders are cautious about the situation of steel market operation in the later period, and dare not store goods rashly. Downstream end users generally purchase on demand, unwilling to prepare more materials; Foreign trade orders are also small batch, multi - batch orders in the majority. These phenomena partly reflect the market expectations are not good mentality.
But as taigang guide 304 cold rolling price down 100 yuan/ton price out, but also to pull the market atmosphere to the low point, a little market confidence wears away, "low price goods" action emerge in endlessly. But as lenny strengthened in the afternoon, it was up $145 at one point, caught off guard and pulled back some of the market's lower prices.
After several days of price increases, the market seems to be starting to feel a little better today. In the afternoon, the price rises suddenly went out of control.
"Low-end surplus, high-end insufficient" has become the true portrayal of China's steel industry, the chain reaction caused by the direct presentation of backward level but huge production, the whole market competition without regulations, prices are in constant fluctuations, high-end and emerging industries can not meet the demand. In the whole market, industrial upgrading and reform must be carried out to meet the requirements of the high-end market. Only sound development can drive the progress of the whole industry.
Therefore, in the short term, the long and short market factors are still in the convergence area, the market is difficult to go out of the trend of unilateral market. In addition, as the price rebound, we should pay attention to the market acceptance of the price and transaction matching degree. At the same time, sino-us trade remains the biggest disturbance before reaching the ultimate result.