Stainless Tube----Stainless steel market will be stable or weak run
Last week, after a slight weakening domestic steel prices basically stable , 304,430 and 316L stainless steel lower offer individual , 201 stainless steel prices continue to dip , stainless steel tubes remain stable. Stainless Steel Association , president of Tianjin Xing Zhongying in the "China Metallurgical News" reporter said , LME nickel prices fell below $ 13,500 / ton line , perpendicular to the domestic electrolytic nickel prices fell ; market fundamentals are still not improved, demand remains poor , domestic stainless steel market more wait and see , or will be the main stable outlook is expected , accompanied by weak shocks.
According to market monitoring data show that as of last weekend , TISCO, Baosteel stainless steel coil production 2.0mm304/2B average price of 15,300 yuan / ton, compared with the same period in the previous week fell 13 yuan / ton. Among them, the Shanghai market, the highest offer for 15,500 yuan / ton ; Foshan lowest market price for 15,100 yuan / ton. 4.0mm ~ 5.0mm304/NO.1 stainless steel coil average price of 14,738 yuan / ton, remained stable. The highest price in Zibo , to 148,000 yuan / ton ; lowest in Wuxi , to 14,300 yuan / ton. Jiuquan Steel production 2.0mm430/2B stainless steel coil average price 8375 yuan / ton, compared with the same period in the previous week fell 13 yuan / ton , the lowest among Foshan market price for 8200 yuan / ton.
Xing Zhongying said , is expected to post the domestic steel market will stabilize weak shocks , mainly based on:
First, domestic nickel market continued to fall . LME nickel prices continued to fall so that the center of gravity of stainless steel prices slightly down. It is understood that , as of last weekend, LME nickel closed at $ 13,415 / ton, is down $ 457 / ton , down 3.29 percent . LME nickel prices fell by the impact of domestic electrolytic nickel prices fell vertically , its lowest point since 2013 . As of last weekend, the national average price of 92,612 yuan electrolytic nickel / ton to 93,387 yuan / ton, compared with the previous week fell 2,475 yuan / ton. Ferronickel prices stable and slightly adjusted . Among them, 1.6% to 1.7 % nickel iron price fell 40 yuan / nickel to 2550 yuan / nickel ~ 2580 yuan / nickel , 4% to 6 % nickel iron rose 10 yuan / nickel to 980 / Ni ~ 990 yuan / nickel , 6 % to 8 % nickel iron rose 10 yuan / nickel to 970 yuan / Ni ~ 980 yuan / nickel.
Second, the steel plate price rise has . Baoxin implementation of the new 300 series stainless steel thickness increases , and clear benchmarks 3.0mm thickness increases as a , 0.9mm ~ 2.0mm thickness unified fare increase 100 yuan / ton. Jiuquan pre- clearing price , 304 cold rolled stainless steel settlement price of 15,400 yuan / ton, unchanged from the previous week ; Oriental White Steel 304 HRC price fell 100 yuan / ton.
Third, the dollar higher , LME nickel prices rebounded weakness. With the United States reduced QE3 ( quantitative easing ) since the implementation of this month , the dollar gradually rise , short-term rebound in LME nickel price weakness, continued weak shocks .
In summary , the domestic steel market fundamentals are difficult to change , the Spring Festival is approaching , more than the rest of the trading day , the terminal complement the library is not satisfactory , is expected to post the domestic steel prices to stabilize , accompanied by a slight correction .
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