304 stainless steel coil rose sharply

And in the 304 stainless steel volume market driven by a substantial rise in the domestic spot steel prices rose strongly, the market turnover also heavy volume.

According to the latest market report of iron and steel information institutions, the recent week, the domestic spot steel price composite index closed at 143.62 points, up 2.78% a week.

"As the country determined to ban the steel and eliminate the determination of backward production capacity, the market demand for post-supply is expected to strengthen.

As a result, the black futures market, the first force, snail the main contract close to the stage high, 304 stainless steel coil price also rose to a new high. Affected by this, spot steel prices continued to rise, the market turnover of heavy volume, steel market sentiment boosted.

However, due to the price pulled too fast, the market has a certain fear of high psychological concerns about the market callback increased. "Zhengzhou futures speculators Mr. Kong senior analysis said.

On the other hand, 304 stainless steel coil total inventory fell, the overall low inventory. From the stock market data, as of last Friday, Mysteel survey 216 steel prices in the factory chain than in July fell 1.7%, of which rebar and wire factory inventory are down.

In the steel plant operating rate has been at a high level, the overall inventory is still in the low volatility, the overall demand for low season is not light situation.