Price trend

According to the price monitoring of SunSirs, on the 7th, the spot price of stainless steel was mainly stable, with a quotation of 18,765 RMB/ton, a year-on-year increase of 35.16%.

Analysis review

After the holiday, the price of stainless steel strengthened slightly, but due to the epidemic control, the mainstream market processing and logistics in Wuxi were not smooth. The production of most stainless steel plants was relatively normal, the output increased month-on-month, the arrival of the market increased, and the inventory was built up this week.

On the 7th, Dongfang Steel City ushered in the unblocking, the market congestion was serious, and the delivery of goods had to be arranged separately, and the market logistics had not been completely resolved.

Market outlook

It is expected that the price of stainless steel will remain stable in the short term.

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