At the beginning of December, the stainless steel market flower briefly as the broad-leaved epiphyllum, fell Chonggao, the subsequent lack of. The rally has not stood opens the decline, and further expand the trend of decline.
In December the stainless steel prices trend down Chonggao, while during the rally, then falls to the beginning position. In Taiyuan Iron and steel as an example, the beginning of the month from 16400 yuan / ton rose to 16800 yuan / ton, or up to 400 yuan, and then fell to a month price, basically maintained at 16400 yuan / ton position. Stainless steel prices power comes mainly from raw materials, rising Lun nickel market prices, pull up sharply boost the stainless steel market confidence, prices have steadily pushed high; there is the supply and demand for stainless steel surface, since December, steel spot delivery quantity is small and slow, the spot continued consumption, resource shortages gradually, as the saying goes, rarity, no doubt for the stainless steel prices rose provides support at the bottom of the effective aspect; furthermore is steel mills, steel mills will not only reduce the spot on tightening supply side, also continue to push up price, forcing traders to a price.
The latter with nickel stainless steel prices sharply diving, support market gradually weaken, low; followed by the mid market concentration of resources supply stainless steel spot market spot inventory, gradually go high, the merchant shipping and highlights the pressure reduction stimulation, market transactions will also become the mainstream operating; close to the end, the market turnover in the doldrums, go to the library to slowly, businessmen in order to promote their own capital return, will also Rangli shipments, accelerate the flow of funds.
As can be seen, the imbalance between supply and demand is still the core factors limiting stainless steel prices upward, the current global economy remains weak, demand the release of difficulty; domestic steel overcapacity is also an indisputable fact that, despite the recent upgrade in the accelerated transformation, short-term oversupply situation is also difficult to have substantial improvement; raw materials Lun nickel market also difficult to have good performance, the recent decline of fear will increase. Therefore, stainless steel prices upward pressure on large, years ago is difficult to realize the possibility of a larger, stabilization.