Price trend

According to the data monitoring of SunSirs, According to the price monitoring of business agency, as of November 15, the daily average price of 304 / 2B stainless steel plate 1.0 * 1219 * 2438 (tolerance 0.91) was 14166.67 RMB/ton (tax included), slightly down 0.23% from 14200 RMB/ton (tax included) on November 11, up 4.74% from the beginning of the year, down 1.27% year on year.

Analysis review        

Industrial chain: Nickel prices fluctuated widely this week. As of the end of the week, the overnight Lun nickel broke down and closed at $15,120/ton, a drop of 1.82%..

Steel mill price adjustment: The weekly price of Wuxi Jiugang (11.5-11.11): the base price of 304 cold rolling trimming is 15950 RMB/ton; the link ratio is reduced by 100; the base price of 430 cold rolling is 8300 RMB/ton; the link ratio is flat. Weekly offer price of Dongfang special steel (11.13-11.19): 304 hot-rolled white skin coil is down 200, 4mm-12mm is down 15300 RMB/ton, 14mm is down 15900 RMB/ton, 16mm is down 16100 RMB/ton; 304L hot-rolled white skin coil is down 200, 4mm-12mm is down 15450 RMB/ton, 14mm is down 16050 RMB/ton, 16mm is down 16250 RMB/ton; 316L hot-rolled white skin coil is down 300, 4mm-12mm is down 22200 RMB/ton, 14mm is down 22600 RMB/ton, 16mm is down 23000 RMB/ton RMB / T; 310S hot-rolled white skin coil 4mm-10 mm down 1100 RMB / T, and 309S hot-rolled white skin coil 4mm-10 mm down 700 RMB / T, and 23000 RMB / T.

Industry trends: According to the information of Baotou Municipal People's government office, mintuo group is committed to building the largest stainless steel recycling industry base in China. At present, mintuo group is actively introducing a number of downstream deep processing enterprises of stainless steel, focusing on the development of ultra-thin stainless steel plates and strips. As for the long term, it mainly develops downstream product processing and application industries such as stainless steel household appliances and stainless steel vehicle accessories.

Macro trends: from January to October, China's real estate development investment increased by 10.3% year-on-year, with a top value of 10.5%. From January to October, the sales area of commercial housing in China increased by 0.1% year-on-year. The growth rate has changed from negative to positive for the first time this year, down 0.1% from January to September.

Market outlook

Analysts of stainless steel from SunSirs believe that the continuous decline of stainless steel after November, weak demand, weak Lun nickel and overstocked inventory have put pressure on the market, and it is expected that stainless steel will maintain a weak trend in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.