The second half of the steel city tone or position "low season"
The first half of the domestic steel market has been repeating the experience inventory decline in steel prices also fell, "a perverse market is not short off-season, to not the busy season, to the inventory, with the lower steel prices, in the face of steel City freak people seem to have to get used to it by surprise. However, recent domestic steel market stocks rise again, high inventory, and seems to presage the main tone of the second half of the domestic steel market would remain off-season mainly.
The face of the moment one week or a few hundreds Steel City market, do not ask all know, steel is impossible to pick up in the short term, only when the bottoms of the topic, the answer gets a bit tricky. Although most of the steel trading business that September, the domestic steel prices will continue to shock downstream, until September or October may appear to stabilize, but I believe that whether domestic steel prices higher, with inventory, production capacity, demand Can you turn for the better have a great relationship.
According to market reports, the end of the 20th, the total stock of domestic steel community by 0.16% to 15.484 million tons, 6.708 million tons of thread stock down 0.2%, down 0.03 percent the previous week; wire by 2.8% from 1.771 million tons the previous week down 2.4% ; hot-rolled to 3.833 million tons by 1.3 percent, down 0.7 percent the previous week; cold-rolled down 0.5 percent from 168.2 tons, down 0.6 percent the previous week; 1.491 million tons in the plate down 3.3 percent the previous week down 0.5%. The total inventory of the steel market trend is still to increase, the trend increase in the trend once again blocked the steel prices may pick up the road, market mentality pessimistic, can determine the basic, the recent Steel City will continue the state of affairs of the vulnerable callback.
And the most understanding and long-term high inventory than the steel production capacity. Recently, news broke the news that reporting the results of more than 8 steel prices in the first half of loss that is, down. The message is displayed, whether it is the leading enterprises or small and medium-sized steel enterprises, the results are down there, people can not stand shouting serious losses, while constantly high yield, keep the output market. Because of fierce competition, the steel mills afraid that they will be rivals out of the market, so they are reluctant to cut, which also led to the increasingly acute contradictions of domestic oversupply.
According to the latest data of the China Steel Association, in early July, the average daily production of crude steel was 1.9581 million tons, compared with the previous year only
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