Winter storage is difficult to turn a good sign NM450 wear-resistant plate price shocks mainly
Price declines, on the one hand, due to the early October price rally, overdrawn a part of the demand ahead of time, resulting in the late market without significant positive stimulation, the price of weak upward, coupled with the recent environmental inspection is more intensive, downstream manufacturers shutdown and other effects, trading volume has been restrained to some extent. On the other hand, the current futures and cash closely linked, and the recent poor performance of the futures market, a significant drag on the spot market.
Who will occupy the lead in the future?
Inventory, according to incomplete statistics, Tangshan hot-rolled stocks currently about 37,000 tons, although the recent rise, but overall still at a low level, and compared with the same period last year, 18,000 tons less, low inventory on the bottom of the price support. In addition, it is known that with the Beijing-Tianjin-Hebei fog haze prevention and control battle, NM450 wear-resistant plate industry production will increase, expected short-term market supply pressure or not.
Steel mills, recently from the He Gang, Shougang and other steel mills issued in October price policy, steel mills still have obvious intention to bid. The price policy of plate October issued by River Steel Group Co., Ltd.
With the approaching of the Spring Festival holidays, the downstream and middlemen concentrated replenishment phenomenon is not much, merchants more on-demand procurement, more cautious wait-and-see attitude to the future market. In addition, it should be noted that the January market trading day is only three weeks, then downstream shutdown, NM450 wear-resistant plate demand surface or be seriously affected. Www.hdnmgb.com