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News
NEWS CENTER
27
2023
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01
Let's explore the different types of stainless steel shoe cabinets supplied in Tianjin.
The supply of stainless steel rebar is under great pressure, with overcapacity, falling costs, and pessimistic consumption expectations, leading to a pessimistic outlook for rebar. However, the continuous decline in stainless steel prices for 5 months has already realized some negative expectations. The domestic nickel iron industry chain, which accounts for a significant share of nickel iron supply, is nearing losses. Uncertainty remains regarding future consumption and Indonesian policies. The price of 304 stainless steel is relatively undervalued compared to other links in the industry chain, so excessive pessimism is unwarranted; a range-bound approach is recommended. National mainstream stainless steel social inventories continue to decline, but this is mainly due to reduced production. Stainless steel consumption remains weak, and market resource digestion is slow, with 304 prices showing a weak downward trend. Later, as Indonesian stainless steel resources gradually return, the expected increase in supply will also have a certain impact on stainless steel spot prices. Steel mills are still continuously seeking price concessions from the raw material end, but nickel iron plants have a clear intention to maintain prices, and the room for cost reduction is limited. It is expected that stainless steel will remain weak and range-bound in the short term. Cloud stainless steel computer desk, main products include: stainless steel table series, stainless steel shoe cabinet series, stainless steel pallet, stainless steel locker series, stainless steel trolley series, stainless
The supply of stainless steel intermediate products is under great pressure, with overcapacity, falling costs, and pessimistic consumption expectations. The outlook for intermediate products is pessimistic. However, the continuous decline in stainless steel prices for five months has already realized some negative expectations. The domestic nickel iron industry chain, which accounts for a significant share of nickel iron supply, is nearing losses. There are still uncertainties regarding future consumption and Indonesian policies. The price of 304 stainless steel is relatively undervalued compared to other links in the industry chain, so excessive pessimism is unwarranted; a range-bound fluctuation approach should be adopted.
National mainstream stainless steel social inventories continue to decline, but this is mainly due to reduced production. Stainless steel consumption remains weak, and market resource digestion is slow. The price of 304 stainless steel is showing a weak downward trend. In the future, as Indonesian stainless steel resources gradually return, the expected increase in supply will also have a certain impact on stainless steel spot prices. Steel mills are still continuously seeking price concessions from the raw material end, but nickel iron plants have a clear intention to maintain prices, and the room for cost reduction is limited. It is expected that stainless steel will remain weak and fluctuate in the short term.
Cloud stainless steel computer desk, main products include: stainless steel table series, stainless steel shoe cabinet series, stainless steel pallet, stainless steel locker series, stainless steel trolley series, stainless steel shelf series, stainless steel tool cabinet, etc.
The factory's main processed products include: stainless steel screens, aluminum screens, screen partitions, entrance halls, stainless steel wine racks, rose gold stainless steel door frames and trim (revolving doors and door frame lines), stainless steel laser hollow carving (decorative walls or partitions), stainless steel handles, stainless steel display cabinets for shopping malls (shoe cabinets, clothes racks, towel racks, jewelry racks), stainless steel columns and handrails for stairs (shopping malls or residential buildings), laser-edged stainless steel pendant lamps (banks or hotels), stainless steel sliding door waistlines, greening publicity display racks, and stainless steel mailboxes for residential buildings. We can process according to customer's design drawings, including materials and labor, or undertake the entire stainless steel lines, doors, handles, and screens (measurement, drawing, and processing) for construction sites.
In addition, last week, the purchase of financial products, real estate, and related personnel entering the final assembly workshop led to a production shutdown. Due to insufficient material preparation, the Tianjin factory will also shut down tomorrow (August 18). More than half a year has passed since the launch of the first Hengchi 5 vehicle, but the Tianjin factory has only produced about 200 Hengchi vehicles in total.
Overnight nickel prices continued to fall, with the main 2209 contract closing at 166,790 yuan/ton, down 1.78%. With the gradual release of production from new wet and pyrometallurgical projects in Indonesia, global primary nickel supply has entered a surplus stage. Nickel iron and nickel sulfate prices continue to fall, and future prices remain under pressure. Under supply pressure, nickel prices are difficult to sustain a rise. Last week, LME nickel inventories increased by 1,891 tons to 3,632 tons, easing the pressure of pure nickel supply shortages, and spot prices continued to fall. Moreover, at present, nickel demand has not shown a significant improvement. Although nickel demand in the new energy sector remains strong, traditional stainless steel demand is weak, stainless steel mills are still losing money, and against the backdrop of weak domestic economic recovery, stainless steel demand is unlikely to show significant highlights. Therefore, the nickel price fundamentals remain weak, and it is expected that nickel prices will continue to fall in the future. Consider establishing short positions at high prices.
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
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