Tangshan 355 Strip Steel: small drop deal slows

Tangshan 355 Strip Steel: This week 355 mainstream manufacturers prices slightly lower than last week 20-30 yuan/ton, the overall trading general.

As of the writing: mainstream spot 3840-3850 yuan/ton, Ruifeng 3850 yuan/ton, futures below the spot 40 yuan/ton, the market watching sentiment thick. Recently by the billet end price rise and futures main upward impact, the price in the week is steadily stronger, but the manufacturers mentality is mostly prudent operation, high prices will not be strong intention to take goods. According to my network data statistics: This week Tangshan 18 232 series with steel mills 30 strip production line, 6 strip line maintenance or shutdown, affecting the output of 156,100 tons, capacity utilization rate of 79.96%, compared with last week down 0.97%, 24 strip line started production, the start rate of 80%, compared with last week.

Stock: May 16 this week on the Tangshan market strip inventory for incomplete statistics, this week's hot-rolled strip inventory of 208,600 tons, the weekly ratio dropped 15,300 tons. Taken together, due to the futures and raw material segment of the double boost, reversing the steel market, the price is on the rise, but the market mentality is poor, therefore, the expected short-term price or will be high consolidation operation.

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