The steel market focuses on stability in the short term, and textile machinery companies prepare appropriately

In the context of energy conservation, emission reduction, and power cuts and production restrictions, some steel companies' output has declined slightly, but total steel output has maintained an upward trend. It is understood that the domestic crude steel output in September was 47.95 million tons, a year-on-year decrease of 5.9%; the average daily crude steel output was 1.5983 million tons, a decrease of 67,500 tons from August; the monthly and daily output of crude steel both hit new lows during the year. The output of pig iron and steel in September was 45.7 million tons and 65.43 million tons, a year-on-year decrease of 6% and an increase of 4.5%. In the fourth quarter of 2010, China’s 'energy saving, emission reduction, power cuts' restriction policies gradually faded, steel companies resumed production, replenishing inventory requirements and steel mills’ iron ore 'winter storage' demand will promote iron ore Demand is picking up, and in an environment where global liquidity is obviously surplus and commodities are rising, the price of iron ore may continue to rise in the fourth quarter.　　 Recently, the domestic steel market continues to decline, and the market has not fundamentally changed. Among them, the price of hot rolled plate remained stable; the market price of cold plate consolidated within a narrow range; the price of medium and heavy plate was mainly stable; the price of coating market fell; the price of strip steel was basically stable; the price of welded pipe continued to decline, and the price of seamless pipe was mainly stable , The market price of profiles fell. The specific market changes for stainless steel and pig iron are as follows: 　　 Stainless steel market: The domestic stainless steel market has temporarily stabilized prices. Affected by the news of China's interest rate hike, the wait-and-see atmosphere in the market has increased recently. The market price of some stainless steels has dropped significantly, with a drop of around 300 yuan/ton. Market transactions are flat, and resources have increased compared with the previous period. The sharp drop in nickel prices in the London metal exchange market last week caused the stainless steel market, which has been consolidating recently, to rise and fall. As the prices of stainless steel and electrolytic nickel rose sharply in the early stage, they have not been fully corrected and consolidated. In the short term, there is a demand for callbacks in metal prices. After the consolidation of the stainless steel adjustment, the medium-term stainless steel market price is expected to rise to around 24,500 yuan/ton.　　Pig iron market: The domestic pig iron market is basically stable. Due to insufficient transactions, the price support is not strong, and the price of pig iron in some areas has fallen to a certain extent. At this stage, the small price reduction in the pig iron market did not significantly increase sales, and because of the high freight costs, there is no obvious price advantage after being shipped to other regions. Therefore, the current market enthusiasm has subsided and the price trend is relatively stable. The previous energy saving and emission reduction policies adopted in Henan, Shandong, Jiangsu, Anhui and other regions have had a certain impact on the price of pig iron. In some areas, the price of pig iron has risen, and the transaction has improved to a certain extent. However, the demand of downstream steel companies and casting companies has not been significantly amplified, and market fluctuations are unstable, which brings negative factors to pig iron. The current increase in upstream costs has brought certain support to the current price of pig iron. From a national perspective, the impact of policy changes on the later trend of pig iron is still obvious. Therefore, it is expected that the pig iron market will maintain the status quo in the short term, mainly with small oscillations.　　 According to the analysis of relevant persons, as the raw materials of steel production have shown a strong upward trend recently, the downward space of steel prices has been temporarily blocked. For steel mills, the order prices of steel mills in October are generally higher than the current market prices. Due to the cost pressure still exists, the profitability of steel mills is not good. However, the existing inventory pressure is not great, and the production of some steel mills will continue to be affected by emission reductions. In the short term, there is limited room for steel mills to adjust their ex-factory prices again. To sum up, the recent steel prices are still dominated by stability, there is not much room for steel prices to fall, and textile machinery manufacturers can properly reserve.