Recently, stainless steel pipe specifications weak market steady run
Wuxi stainless steel angle recent market prices basically unchanged from last week, the market continues weak steady trend. Major raw material prices slipped last Saturday, some businesses temporarily stable wait and see, some businesses slightly smaller price. From the understanding of the market situation, the recent market transactions common in general, range-bound shipments. Although the current market is low stock, shipping business pressure to suspend; however, in November and December are the peak of bank loans drawn, do not rule out the market outlook for the return of the merchant cash cheap shipping. In the short term, we expect a high possibility that the market is still in Wuxi stainless steel angle correction operation. Recently, stainless steel pipe specifications weak market steady run, narrow down raw material prices, affected, some businesses offer slightly lower. Sign stainless steel pipe specifications demand side market does not improve, businesses turnover is still light, general market outlook cautious wait and see attitude, the current operation basic or reduce inventory risk. Overall, the current market trapped in the downstream demand is weak, difficult to have a greater improvement in overall turnover, expected short-term market prices stainless steel pipe specifications more stable bias continues to run.
With the positive environment for the better development, commodities still room for growth. Hot-rolled steel coil, stainless steel prices, iron ore and other recent futures prices continued to rise, but today there was a substantial rise; as of press time, the hot-rolled coil futures rose 48 yuan, has risen to 1,911 yuan. Slow due to the recent market run, the business outlook for the lack of confidence, under strong wait and see atmosphere, the market price in some areas have begun to loosen; although some areas still show up, but a number of compensatory growth, can not have a greater impact on the market. During this period, the futures prices rose sharply, prices for stainless steel pipe market sentiment continues to generate support. At present, the overall market is still less than normal cash resources, but businesses do not rush to increase inventory, and most mills are still holding wire transfer state, will not have a lot of resources in the short term impact on the market price is formed. Off-season market, the demand growth rose limited space, now the biggest market development shackles that sluggish demand, no demand to support the market there is a certain pressure. Comprehensive analysis of the current market, is expected to short-term market or will continue to shock run. 2015 stainless steel angle iron industry supply and demand gap is still increasing, the yield increase, demand has reduced instead of increased. In the pipeline construction market slowdown, efficiency has shrunk dramatically, the recession of the situation, stainless steel angle the market began to seek "to change the amount of profit" business model. While the state has repeatedly and strictly control steel rolling production, eliminate backward production capacity, resist the low end of homogeneous products, but industry Guadan repercussions, resulting in little success. Moreover, real estate, machinery and other downstream industries is no longer the "golden age", are to a certain extent suppressed demand for pipe city. 2015 1--9 months, domestic stainless steel angle output of about 69,682,000 tons, compared with 75,575,000 tons in the same period in 2014 decreased 5.893 million tons, down 9.22%. Seamless total output of about 20,498,000 tons of which more than 27.739 million tons over the same period in 2014 decreased 7.241 million tons, down 7.39%; welded total output of about 49,184,000 tons, an increase of more than 47.836 million tons over the same period in 2014 1.834 million tons, an increase of 10.28%. Stainless steel angle and then from 2015 production growth trend point of view, 2015 1--3 January production relatively high, over time, there are signs of gradual decline in production, but overall is still maintained at a high level. The reason there are two points: First, 2014 was the year of the domestic slowdown in economic growth, profits scarce, lack of funds, limited policy stimulus and other adverse factors increased competition in the industry, suffer from backward technology and equipment exports more difficult, tube Plant only "desperate" crazy betting low-end products, in order to obtain the meager profits. Second, stainless steel angle much is the private sector are filled tube plant, the state is difficult to strictly control the management, inability to concentrate for rectification.
Source:http://www.jnsteelpipe.com/
