Price trend

According to the price monitoring of SunSirs, on the 9th, the spot price of 304, 1.0 48-foot stainless steel flat plate was 18,465 RMB/ton, an increase of 0.82% over the previous day and a year-on-year increase of 32.37%.

Analysis review

The spot price of stainless steel was mainly stable with small adjustment. Upstream nickel may return to weakness after a brief rise. Stainless steel inventories have risen sharply again after the holiday, and the reappearance of the epidemic in many places has affected demand, and it is still difficult to increase sharply in the short term.

However, the steel price is obviously supported by the cost, and overseas high prices may further promote the export of stainless steel. In the future, with the improvement of the epidemic situation and a series of measures to stabilize growth, the demand for stainless steel is expected to pick up.

Market outlook

Stainless steel is in a dilemma, and in the short term, the trend is dominated by narrow fluctuations.

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