316L Stainless Steel Plate Merchants May Be Committed To The Return Of Funds In The Near Future

The market activity of 316L stainless steel plate has increased significantly, which is also the main reason for the rise of 50 yuan in billets on Thursday. However, after the sharp rebound, the downstream operation was obviously cautious, and the small narrow strip steel was pulled up 40 yuan again on Friday, but the billet factory price was only raised 10 yuan, which was significantly lower than market expectations. In terms of resources, the market shipments are not good, and the inventory pressure of merchants is increasing day by day; The instability of market prices has, to a certain extent, pushed merchants to shift the focus of the market to shipments, which may encourage merchants to continue to quote low market prices. Near the end of the month, 316L stainless steel plate businesses may be committed to the return of funds in the near future, and the market price is hopeless. In other respects, most of the pickling seamless steel pipe factory prices have not been adjusted, and the impact on prices is small. In terms of raw materials, the price trend of iron ore and coal is not good, and it is difficult to obtain cost support for market prices. As far as the current domestic steel consumption is concerned, there are some rigid demand, other scattered procurement is less, and the phenomenon of delayed procurement is more, and the business wait-and-see mentality is still strong. Based on the current market analysis, it is expected that the domestic cold-rolled coil market price will continue to be weak in the short term. In terms of the market, today North China's upstream strip steel and pipe factory welding pipe factory quotes continue to decline, the market price after the previous decline adjustment, today Nanchang local traders choose to wait and see, but this wave of prices continue to fall due to the upstream raw materials continue to adjust, pessimistic view of the market.