Price trend
According to the price monitoring of SunSirs, on the 27th, the price of stainless steel rose slightly, and the spot price was reported at 15,956.67 RMB/ton, an increase of 0.84% from the previous trading day, an increase of 20.13% from the beginning of the year, and a year-on-year increase of 21.42%.
Analysis review
Steel mills controlled their shipments and replenished their inventory before the holiday. The market transaction atmosphere improved, inventory fell, and prices fluctuated upward.
The raw material end of high-nickel pig iron stopped falling and stabilized. The price of scrap steel increased. The price of high-carbon ferrochrome continued to fall. The cost of steel mills dropped as a whole, and profits were restored. There was no obvious improvement in terminal demand.
Market outlook
It is expected that stainless steel will continue to fluctuate and tend to be strong in the short term.
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