At the sight of Shanghai Nickel
1. The macro rising atmosphere of nickel in Shanghai has subsided, and the weak influence of ferronickel stainless steel industrial chain is obvious. However, the current shortage of refined nickel in the market makes the exploration space more limited.
2. The downstream stainless steel industry's dependence on domestic ferronickel is weakened, and the domestic price of ferronickel will remain low in the short term, so a new supply balance point can be found by reducing production.
3. The steel mills take precautions to stabilize the price by means of supply control to cope with the incremental pressure of market supply. However, it is still in the off-season of consumption, and it is not opportune for the price to turn into an upward trend. In the short term, it is dominated by weak shocks.
However, the main contract of stainless steel is weak and volatile this week. Compared with the spot market, the overall discount rate is still low. At present, some specifications are short in the spot market. On the one hand, the consumption demand in the current market is acceptable. On the other hand, the current market delivery is relatively limited. Although the current market supply capacity is sufficient, the steel mills obviously intend to control the arrival rhythm, which also makes In the near future. The spot price is stable and rising, and the steel plant will make a flat offer in February. In the early stage, the semi-finished products of Indonesian reflux stainless steel are expected to be put into the market indirectly through futures delivery and electronic disk settlement after rolling, which greatly reduces the impact of uncertain supply increment on the market price.
The regulation and control measures on the supply side of steel mills have brought some optimistic expectations to the market. However, it can not be ignored that the current fourth quarter is approaching the end of the year, which belongs to the off-season consumption season.
However, the major steel mills are fully operating to achieve the annual production targets. The current supply control measures are also intended to prepare for the rainy days. Whether the subsequent market transactions can continue to be maintained will be a question mark. Generally speaking, it is not yet time for the price to turn into the upward trend, and there is still supply pressure in the market. It is expected that the market will continue to fluctuate at a low level next week.
As a professional steel plant in China, Wuxi Hongwang Stainless Steel has a mature stainless steel industrial chain. We provide customers with a variety of high-quality stainless steel products.
Tag: stainless steel industrial chain, steel mills
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