With the stainless steel market, "gold three silver four" have failed, in previous years, "Red May" stainless steel prices have been subversive and decreased more, then the trend of stainless steel in June will be how to interpret it?
The side for price increasing: the two markets SIFO stocks have been 1 consecutive months of effective inventory, the two total inventory has been reduced to 300,000 tons, and 4 Apr to May steel mills forcut the production for two consecutive months than the cut, coupled with the current downstream users Inventory is low, the stainless steel market in June will stabilize, or even rebound.
Looking at the decreasing side: inventory and production are not really in place, in June for the semi-annual loan repayment period, the behavior of stainless steel pallets is bound to appear part of the situation of enterprises poultry cash withdrawal, June stainless steel raw materials will further decline, The most important thing is the demand for stainless steel in June off-season will really come, and foreign summer open, stainless steel exports will be suppressed.
Contact: HongYue Stainless Steel
Phone: 189 2998 9055
Tel: +86 (0)757 2932 8272
Email: info@hystainless.com
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