NEWSROOM

The trend of stainless steel coil price

07-24-2019

With the rapid development of chemical industry in China, 304 hot-rolled coil, stainless steel plate is used more and more widely, the country's 304 hot-rolled coil, stainless steel plate is growing at more than 10% a year.

At the same time, the oil and gas, refining and other industries also have a good performance, although the price of crude oil to short pressure is bigger, but the rebound in future, it will also become more severe, the recovery will drive oil, refining and other industries to further "awakening", 304 hot-rolled coil, stainless steel plate in the future market development space is huge.

Along with the economy stabilises recovery as well as the present low 304 hot-rolled coil, stainless steel plate factory inventory, price support at the lower part space more and more strong, adjust the space is little.But since this year the raw material prices sharply lower produce steel blast furnace production and production enthusiasm, good will periphery drive effect of 304 stainless steel hot rolled coil plate market extension, in the short term, the situation is still not completely out of the recession, the present or to repair the trending up operation is given priority to.

In addition, we also should know that how long the transverse and longitudinal just how high.In terms of cost of 304 hot-rolled coil, stainless steel plate to support, the raw material iron ore prices fell slightly in August and record low in the price of steel billet, cost support wanes, hot-rolled coil, 304 stainless steel plate price will continue to fall.From the macro policy level, the international economic downturn continues, the country's 304 hot-rolled coil, stainless steel plate market economy growth is slowing, short-term difficult to have improved markedly.

Yesterday the local 304 hot-rolled coil, stainless steel plate market price has rebounded, but the market pull up confidence, more ground up for 10 to 20 yuan.The downstream procurement enthusiasm is not high, coupled with high temperature and rainy weather frequently across the country, demand more cold and cheerless, 304 hot-rolled coil, stainless steel plate clinch a deal the dismal performance, market overall bearish mood gradually thick, confidence or was suppressed.

In profit substantially cut, hot-rolled coil, 304 stainless steel plate factory inventory after amplification, steel production maintenance, market supply pressure reduced, late back to the weak state of equilibrium of supply and demand, manufacturers price policy is given priority to with horizontal pushing more at the same time, still can form support on prices in the short term, so the big winners is unlikely.

Short-term market is expected to again and again the situation does not change, today's offer to continue steady range-bound adjustment, difficult to form the leading trend.Wuxi yesterday billet price edged up 10, 1820 yuan/ton, in the finished product stability, clinch a deal, the downstream still replenish stock inventory, but the factory spot resources nervous, merchants and has a goods to rise the psychological, expected short-term strong.Local agent rose yesterday the effect not beautiful.

Weak short-term supply and demand balance, substantially less likely an exodus.But a poor demand, today continue to adjust the fluctuations in the steady, hot-rolled coil, 304 stainless steel plate is difficult to form the leading trend.

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Metal CO., LTD

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