Price trend

According to the price monitoring of SunSirs, stainless steel fell slightly this week. As of February 10, the daily average price of spot 304/2B stainless steel flat plate 1.0 * 1219 * 2438 (tolerance 0.91) was 17,537.5 RMB/ton, down 0.92% from the price of 17,700 RMB/ton at the beginning of the week and down 4.34% year-on-year.

Analysis review

According to the analysis tool of the price difference of SunSirs, the price trend of nickel and stainless steel is basically the same, and the recent price of stainless steel had deviated from that of nickel.

This week's stainless steel inventory totaled 1.3875 million tons, down 0.45% from last week. Among them, the cold rolling warehouse inventory decreased and the hot rolling inventory increased.

Market outlook

To sum up, after the Lantern Festival, the market traders continued to resume work, leading enterprises strive to "make a good start", the pace of production and operation accelerated, the social inventory of stainless steel accumulated again, the downstream demand had not yet fully recovered, the supply and demand mismatched, and the stainless steel temporarily fell into a stalemate, but the price of raw materials was firm, the cost support was still there, and the price of stainless steel is expected to be improved.

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