According to market feedback, yesterday affected by some factors, futures and stock market have plunged, spot followed the operation, but after the occurrence of a steel mill accident, local spot rose and led to this morning futures again firm, business operations are different.
Mixed hi-lo resources are saved, because the fundamentals remain weak, rising after clinch a deal the weak, the market there is also a dark drop cash operations, business confidence in afternoon is still insufficient, the market still is generally believed that the supply pressure, slow to inventory, outside dish drive not endure, advise businesses still need to be careful operation, expected steel prices range trade adjustment tomorrow.
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.
What kind of steel is stainless steel? Stainless steel is a type of steel, steel refers to the amount of carbon (C) contains less than 2% is called steel, more than 2% is iron. The addition of chromium (Cr), nickel (Ni), manganese (Mn), silicon (Si), titanium (Ti), molybdenum (Mo) and other alloy elements in the smelting process of steel improves the performance of the steel so that it has corrosion resistance (that is, not rust) is what we often call stainless steel.
As for the price rise of narrow band, someone said, "because we saw lenny is fighting back and the price continues to rise, so we adjusted the price to test the water, but there is not much in stock." However, according to the market feedback, the price of 12,250 yuan is not moving. For the big board down, someone said, "after all, the end of the year need to return funds, low-price goods is a common strategy."
Considering all aspects of the situation, the overall demand release in May or some weakening, and the supply side pressure increases, is still fear of high business psychology, high prices are difficult to deal volume, further suppress the price trend, therefore, it is expected that the next month steel prices overall shock weaker operation.