-
ProductsEnsure that products are not affected by contamination or defects during manufacturing. In addition, supply chain management can help suppliers improve production efficiency and product quality by tracking quality metrics and using modern technologies.
-
-
BlogEnsure that products are not affected by contamination or defects during manufacturing. In addition, supply chain management can help suppliers improve production efficiency and product quality by tracking quality metrics and using modern technologies.
-
Contact UsEnsure that products are not affected by contamination or defects during manufacturing. In addition, supply chain management can help suppliers improve production efficiency and product quality by tracking quality metrics and using modern technologies.
News
NEWS CENTER
26
2023
-
01
What are the characteristics of stainless steel shoe cabinets supplied in Tianjin?
It is said that stainless steel has cost support, and profits have been repaired recently. This is mainly due to the high cost of nickel iron and limited profit margins, the shortage of scrap stainless steel resources and high costs, and increased market demand for nickel iron. The partial suspension of cargo collection at Tianjin Port and power restrictions in South Africa have led to tight supply and supported the price increase of ferrochrome. Outlook for the fourth quarter: In terms of nickel resource supply, the Philippines will re-enter the rainy season, and China's nickel ore imports will experience a seasonal decline. However, with the continuous commissioning and return of Indonesian nickel iron projects to China, the supply of nickel iron will be relaxed. In terms of chromium resources, the power restriction situation in South Africa remains severe, and chromium ore supply may continue to be limited. However, with the resumption of production of downstream ferrochrome plants and stainless steel plants, the supply of chromium ore and ferrochrome will increase. In terms of stainless steel supply, after a significant contraction in production in the early stage, inventory pressure has been relieved, and the expectation of steel mill resumption of production in the peak season is strong, and supply will gradually recover this year. In terms of downstream demand, although the improvement in the real estate industry is limited, the performance of the home appliance and automobile industries is relatively good. It is expected that the home appliance industry will operate steadily this year, while the automobile industry still has upward momentum. Stainless steel furniture has developed into a whole-house customization form, with main categories including stainless steel
Stainless steel prices are supported by cost, with recent profit recovery mainly due to high nickel iron costs and limited profit margins, coupled with a shortage and high cost of scrap stainless steel resources, increasing market demand for nickel iron. The suspension of cargo handling at Tianjin Port and power restrictions in South Africa have led to tight supply, supporting chromium price increases.
Outlook for Q4: In terms of nickel supply, the Philippines will re-enter the rainy season, resulting in a seasonal decline in China's nickel ore imports. However, with the continuous commissioning and domestic return of Indonesian nickel iron projects, nickel iron supply will be abundant. Regarding chromium resources, the power rationing situation in South Africa remains severe, and chromium ore supply may continue to be restricted. However, with the resumption of production at downstream chromium iron and stainless steel plants, the supply of chromium ore and chromium iron will increase. Regarding stainless steel supply, after a significant contraction in production earlier, inventory pressure has eased, and expectations for the resumption of production at steel mills during the peak season are strong, and supply will gradually recover this year. In terms of downstream demand, although the real estate sector has seen limited improvement, the performance of the home appliance and automotive industries has been relatively good. It is expected that the home appliance industry will operate steadily this year, while the automotive industry still has upward momentum.
Stainless steel furniture has developed into a whole-house customization format, with main categories including stainless steel screens, stainless steel entryways, stainless steel wardrobes, stainless steel shoe cabinets, stainless steel cabinets, stainless steel niches, stainless steel wine cabinets, and so on.
Jiang Stainless Steel Grid Cabinet, - Co., Ltd. mainly produces: stainless steel table series, stainless steel shoe cabinet series, stainless steel pallets, stainless steel locker series, stainless steel trolley series, stainless steel shelf series, and stainless steel tool cabinets.
Wu Stainless Steel Grid Cabinet, - Co., Ltd. mainly produces: stainless steel table series, stainless steel shoe cabinet series, stainless steel pallets, stainless steel locker series, stainless steel trolley series, stainless steel shelf series, and stainless steel tool cabinets.
Nan Stainless Steel Table, mainly produces: stainless steel table series, stainless steel shoe cabinet series, stainless steel pallets, stainless steel locker series, stainless steel trolley series, stainless steel shelf series, and stainless steel tool cabinets.
Last week, 300-series stainless steel inventories increased by 24,000 tons, reflecting weak demand. At the same time, there are still expectations of excess nickel iron supply, and prices will remain under pressure. Cost may not provide strong support. Meanwhile, news of steel mill production cuts continues, with price protection through production cuts. It is expected that stainless steel prices will remain volatile, but under pressure from above.
Regarding the suppliers mentioned at the beginning of the article who visited Tianjin factories, according to sources, when automakers now negotiate with suppliers, they bring full payment. Even so, they still haven't fully gained the trust of suppliers. So, without further explanation, you can probably understand Evergrande's current predicament.
In terms of the industry, the shortage of electrolytic nickel supply has eased, but the support from the recovery of the alloy sector is limited; the supply and demand of nickel ore are both weak on the raw material side, and ore prices are significantly impacted by nickel iron. It is expected that the willingness of mines to ship will weaken in the future; the continuous return of Indonesian nickel iron is exacerbating oversupply, with domestic upward pressure and downward price support, and significant profit recovery, but still in a state of loss. It is expected that nickel iron will mainly operate weakly; although stainless steel consumption has marginally improved, it has not ushered in a substantial reversal. Under the shadow of pessimism, steel mills are still stopping and reducing production, and traders are secretly lowering prices and shipping goods. Overall, some aspects of the nickel-stainless steel industry chain have marginally improved, but the support is limited. With continued weak demand, it is expected that the nickel market will shift to oversupply in the future.
Tianjin Zhongxinglida Stainless Steel Products Co., Ltd.
Tel：+86-22-29481476
Mobile：+8613902071446 Yang Zhiguang
Address: Liga Zhuang Industrial Zone, Shigezhuang Town, Wuqing District, Tianjin
Copyright © 2022 Tianjin Zhongxinglida Stainless Steel Products Co., Ltd.