Price trend

According to the price monitoring of SunSirs, the price of stainless steel rose slightly on the 14th, and the spot price was 17,398.33 RMB/ton, a slight increase of 2% and a year-on-year increase of 24.13%.

Analysis review

After the holiday, downstream enterprises have gradually resumed work, market expectations are optimistic, and transactions are getting hotter. At present, social inventories are relatively tight, and nickel prices remain high. Some ferronickel plants are affected by the Winter Olympics and have low-load production, which has also boosted stainless steel prices.

Market outlook

Stainless steel market prices are expected to remain relatively strong.

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