The mentality of butt welding flange market has also changed

   Date:2019-09-10     Browse:46    
Core tips:The market mentality of butt welded flange has also changed, and most manufacturers lack confidence in the future market
 The market mentality of butt welded flange has also changed, and most manufacturers lack confidence in the future market of billet. After entering last week, the slab price decline slowed down, occasionally rebounded during the period, but in the case of weak demand, the rise was only a flash in the pan. At present, domestic billet stocks are not large, steel mills have strong willingness to pull up, while downstream acceptance capacity is limited, and policy incentives are not strong enough. It is expected that billet will maintain a small fluctuation in the short term. Coal mines in some areas have started well, while the decline in individual coal prices is mainly due to poor demand downstream. Smoke-free washing in individual areas as a whole transaction is weak, high inventory. With the current market conditions, the profits of middlemen have been compressed repeatedly, and the overall procurement enthusiasm is relatively negative. At present, the overall steel market is weak, steel mills reduce coal prices while reducing inventory, poor demand makes the turnover of final coal weak. Tangshan billet prices continued to fall, and market pessimism intensified. As steel demand is in the traditional peak season, steel mills have strong willingness to tap prices, and the downstream demand has improved after the continuous decline of billet prices, coupled with the small stock volume of 35CrMo round steel market, the regional deposit reserve ratio cut on Tuesday led to a continuous rebound in the futures market. And the spot billet is still weak because of demand, after taking the opportunity to pull up 10 yuan, gradually stabilized.
 
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