The keynote of the stainless steel
plate market is mainly downturn. The off-season form is basically determined, and the inventory is picking up again. This is just in line with high production and poor demand, and it has cleared the fog for the public, which has made steel traders. I have a basic judgment on the current steel market, but as for how to operate, the author advises steel traders to be cautious, because after all, no one can guarantee whether the current market is 'bottom' or 'topYou should wait for an opportunity. Judging from historical data, July and August were low seasons for automobile production and sales due to high temperature and high humidity in some areas, which made matters worse on the basis that the total downstream demand was not large. Compared with the same period last year, the social inventory of steel remains high, and the price is still in a state of decline. Steel mills once again slashed their prices for promotions. Following Baosteel, Anshan Iron and Steel, Wuhan Iron and Steel and other flat steel companies to significantly reduce the ex-factory prices in July and August, construction steel companies such as Shagang, Hegang, Rizhao, etc. also significantly reduced the ex-factory prices of coils, wire rods and rebars last week. , some resources fell by more than 200 yuan / ton. But even so, the ex-factory price and the market price are still in a state of upside down, traders are still disappointed with the amount of compensation, and the enthusiasm for ordering is not high. The continuous reduction of the ex-factory price of steel mills is a helpless move made by the steel mills themselves under the pressure of high inventory, sales difficulties and financial constraints, but it is this move that has severely impacted the already weak market. confidence.
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