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Week five nickel fell $410, from the Lun Nie situation and stainless steel bar profile steel has recently made adjustment, section hind city prices still faces pressure. The city was deserted, low-cost resources again years later floods the market, but sales are hard to Yan Li, today the bar section downstream, Zibo Expo 304 round main tax at 19300 yuan / ton, the Wuxi market in 304 round steel price including tax mainstream price 19500 yuan / ton, downstream users of the wait-and-see mood mostly, the majority of dealers. Volume has not improved, dealers mentality popular nickel price drops, the market is relatively stable in the south, dealers to maintain the same quote, round after last week after the cut to stabilize prices, businesses that stabilize the market, reflecting the market lack of demand for support. Late type main demand and steel, near Lun Nie on the market lack of support, weak dominant profiles, and purchase demand inadequacy is the lack of market power up the fundamental reason, at present the market clinch a deal is still low, shortly after the market, traders need cautious attitude, maintaining the status quo is more rational |
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