March stainless steel trend will shock upstream

in Welcome To Darkside Forums (Forum Rules) Mon Mar 06, 2017 3:26 am
by wangyeuyue • 18 Posts

March stainless steel trend will shock upstreamFirst, the industry macro-interpretationAlthough China's economy in 2017 to stabilize the good, but the real estate cycle peak has passed, 2017 real estate development investment growth, the new construction area growth rate into the downlink cycle. After the real estate cycle, cars, home appliances and other consumer goods growth will be significantly down.Stainless steel plate pricesAt present, the infrastructure boom will drive the industry boom, infrastructure will replace real estate investment decline. National Development and Reform Commission and the Ministry of Finance two ministries in 2017 PPP project overall contract / landing scale is about 2016 2 to 3 times, of which the size of the project landing scale of up to 3.8 trillion yuan.Stainless steel coils priceSecond, the raw material surface interpretationFebruary LME nickel market overall trend shock upstream, the month rose $ 755 / ton, or 7.34%. From the fundamentals, Lun Nickel has further expectations. From the technical point of view, the current callback Lun Nickel in the 20 day moving average to be supported, then rebound, is expected in mid-March before the nickel price is expected to shock between 10500-11500 US dollars.2b surface 304 stainless steel plate supplierJanuary to February the Philippines continued rainy season, nickel shipments are limited, in January nickel ore imports continue to decline, while the Philippine environmental shutdown nickel mine events continue, the late nickel ore prices will continue to remain high. In the long run, will be affected by the Philippines to shut down part of the nickel ore and Indonesia to open the nickel iron export policy of the two countries to promote the situation.Summary, in March ferroalloy, nickel ore, waste stainless steel, ferrochrome and other raw materials prices will steadily increase, the cost of stainless steel will rise, the price of stainless steel market will form an effective support.stainless steel sheet and coil supplier

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