Market Downturn Will Continue Spinning Enterprises To Calm Down The Market

Entering the "golden nine silver ten", the sluggish steel market did not improve at all.

In August, after Baosteel, Wuhan Iron and steel, Angang and other leading enterprises significantly reduced the factory price of steel products, in September, about 20 iron and steel enterprises in the country released the price reduction information again. After the price cut, the price of HRB400 rebar produced by some enterprises in Shanghai market has fallen below 3400 yuan / ton, and the price of the mainstream steel mill has also dropped to 3500 yuan / ton.

According to the cost of steel mills at present, even at the price, it is difficult for advantageous enterprises to make profits.

In recent years, the billet market in Tangshan has been declining for a long time, and there is still no sign of bottoming.

Some traders have a desire to sell goods, but users are not willing to take delivery, and manufacturers have fewer orders.

Now some parts of the billet market quotation confusion, low price resources frequent.

Affected by the recent fall in steel market, manufacturers have accelerated their efforts to stock up, and the market price has continued downward. At present, shipments are still dominated by a single argument, and the total turnover is less. Most manufacturers believe that prices still have room to fall.

It is considered that the billet market is still difficult to improve in the short term.

The domestic iron ore market continued to decline in a weak state, and the market as a whole is still in a weak state.

Domestic ore, Hebei, northeast and other areas continued to decline, the decline in the 5 yuan / ton ~25 yuan / ton.

Recently, in some parts of the country, due to the indifference of demand, the low price of the market and the low willingness of the shipper to ship, almost no deal has happened in the near future, and the market is forced to fall into "

Status.

The import mine is also plagued by the weakness of the paction.

Some importing traders said that although the price of the imported ore market has dropped to its lowest point in two years, such a "low price" still can not effectively stimulate the demand of the domestic iron ore market.

Steel mills, although the current iron ore market prices have made the steel production cost line down after a rapid fall, but the steel market has also been in decline. In order to reduce the risk of late market and reduce the occupancy rate, steel mills are still extremely cautious in the procurement of iron ore.

Taking all these factors into consideration, it is expected that the domestic iron ore market will continue to be dominated by disadvantaged operations in the near future.

The hot rolling market is still chilling.

Prices everywhere are no longer stingy again.

Tianjin, Handan, the two ordinary carbon hot-rolled quotation close to 3100 yuan / ton integer pass points, Wuhan, Guangzhou, Zhengzhou and other places prices also fell sharply, these quotations do not give traders a chance to breathe a little, continuous heavy volume of the sharp fall has not been consistent with the normal market behavior.

From the current price of raw materials, ores and coke, the rolling mill has broken the cost line, and if it is based on its production cycle, it has long been hanging upside down.

And this round of hot rolling market in the steel factory under the policy of large subsidies continue to fall sharply, on the one hand is to smooth off the preferential policy of preferential policy space, on the other hand is also the steel factory again expect to overdraft.

Last weekend, the market positive news came out slightly. The 8000 billion rail pit project was approved. The Ministry of industry and Commerce announced the list of the second batch of enterprises to eliminate backward production capacity during the year. The long-term environmental color of the long-term market has changed slightly. But whether the market is going to build up the bottom line, there is no statutory theory in the short term, and we need to pay close attention to the market trend.

Domestic steel market continues to weaken.

Hot rolled coil

Accelerated market crash; cold plate market prices fell slightly; plate market price weak consolidation; coating market prices fell partly; strip market prices continued to decline; welded pipe market prices continued to fall; seamless pipe prices continue to bottom; profile market prices continue to fall.

The movements of pig iron and stainless steel are as follows:

Pig iron: the domestic cast iron market is basically stable today, and the turnover is still warm.

It is understood that, due to the continuous decline in the price of pig iron in recent years, the loss of some small iron mills has gradually increased, resulting in a small supply of pig iron on the market.

And the vast majority of dealers early inventory will be the lowest, some businesses have been selling steel straight hair.

Therefore, the pressure of sales is not big, so even if the price of steel has dropped sharply, the cast iron has obviously eased.

It is worth noting that due to the different tax points of manufacturers, the quotation of cast iron before tax is rather confusing.

Stainless steel: the domestic stainless steel market has maintained stability, and the turnover is not good.

Thanks to the expectations of the ECB's easing plan, nickel prices rose slightly in the London metal trading market last night, and the stainless steel market remained relatively calm.

Recently, the impact of external factors is not obvious, merchants will have strong price intention, but the paction price is low.

At the same time, the "maintenance and reduction of production wind" weakened, the supply pressure of stainless steel in September is still difficult to improve, indicating that the downturn in the stainless steel market will continue. Businesses must also calm down the market.

In summary, there is little room for price rise in the steel market.

Production reserves can be normally arranged.