Stainless steel water pipe|double clamp pipe fittings|304 stainless steel water pipe brand|Foshan Yongsui Stainless Steel Co., Ltd
After the Mid-Autumn Festival,
What will happen to London nickel, stainless steel?
If it goes up, how much?
If it falls, how much does it fall?
For the first time in four years, the Fed cut interest rates by 50 basis points to kick off an easing cycle
On September 18, United States Federal Reserve Chairman Jerome Powell held a press conference in Washington to announce the first interest rate cut since March 2020. The Fed lowered the target range for the federal funds rate by 50 basis points to between 4.75% and 5.00%, signaling a shift in monetary policy from tightening to easing.
The rate cut was announced after the Fed concluded its two-day monetary policy meeting. The Fed said it is more confident that inflation will continue to move towards its 2% target and believes that the risks to achieving its target of full employment and price stability have leveled off. At the press conference, Powell stressed that the 50 basis point rate cut is a strong measure and the timing is appropriate, and does not consider it slow.
Yongsui stainless steel insulation water pipe 180-6465-4832
The Federal Reserve announced an interest rate cut, and many people said that they should reduce their dependence on the dollar
In response to the Federal Reserve's decision to cut interest rates, people from many countries have said that United States has been using the US dollar as a financial weapon, and whether it enters the US dollar interest rate hike cycle or the interest rate cut cycle, it will bring a lot of turbulence to the world economy, and countries around the world should reduce their dependence on the US dollar and realize currency diversification.
The impact of interest rate cuts is great, and London nickel continues to be red after the festival!
During the Mid-Autumn Festival holiday, the London nickel disk tried to give up part of the gains after a big rise, and then due to the influence of the Federal Reserve's interest rate cut, the first working day after the holiday rebounded in the afternoon to rise by more than $100, and the Fed cut interest rates by 50 basis points more than expected, so that the London nickel disk rose red.
I thought it would be a short-lived rally, but who thought that it would rise one after another, and it increased to more than $200 on the afternoon of the 19th.
Under the continuous rise of London nickel,
Will stainless steel futures rise simultaneously?
Will the steel mill adjust the price upward?
How will businesses respond to this rally?
Stainless steel rises slightly, stabilizing the mentality.
During the Mid-Autumn Festival holiday, stainless steel futures have been in a volatile adjustment. Then, under the influence of the rise in nickel after the holiday, the main stainless steel futures began to rise slightly, and the disk rebounded; At the beginning, although there was a rebound in the performance, but the amplitude was not obvious, to the back of the first slowly increased range, the highest increase: more than 100 yuan, once back to the 13400 mark.
The opening situation on the 18th
304: Cold rolling continued to be flat, hot-rolled steel mills rose by 100, and traders increased by about 50. 201: Most remain flat below, but traders have a downward discount of 50.
The opening situation on the 19th
304: In the morning, the quotation was still flat, but in the afternoon the market began to shout for a rise of 50, but the number of transactions was average; 201: Compared with 304, it showed a downward trend, with steel mills lowering 100 and the market falling by 50-100.
The opening situation on the 20th
304 and 201 are both flat, but only 316L is down 100-200.
Before the deadline,
304 cold-rolled state-owned resources mainstream reported 14150 yuan/ton,
The mainstream of private resources is reported at 13100-13350 yuan/ton;
304 hot-rolled state-owned four-foot resources mainstream reported 13,000 yuan/ton,
The mainstream of private five-foot resources is reported at 13,000 yuan/ton.
Before the deadline,
J1 cold-rolled mainstream reported 7900 yuan/ton,
J2 cold-rolled mainstream reported 7200 yuan/ton;
J1 hot-rolled mainstream reported 7600 yuan/ton,
J2 hot-rolled mainstream reported 6900 yuan/ton.
Although the futures are rising, the spot market is stable and stimulates transactions!
Under the influence of the return of London nickel and stainless steel, the spot market is affected by it, and the quotations are slowly stable, and there is room for a slight rise; Together with the steel mills, the price is basically flat, and the performance of the market is relatively calm, but the merchants will also be worried: although it is better to say that the price is stable than before, I am afraid that the key node at the end of this month will begin to fall again. After all, the beginning of the "Golden Nine" is no longer perfect, will the market let the "Golden Nine" have a good end?