Price trend

According to the price monitoring of SunSirs, on the 31st, the spot price of 304, 1.0 48-foot stainless steel flat plate was 19,633.33 RMB/ton, which was unchanged from the previous trading day and increased by 19.72% year-on-year.

Analysis review

The spot price of stainless steel was mainly weak and stable. Under the suppression of the epidemic and the high level of inventory, the market was pessimistic about the market outlook. The downstream had a low acceptance of high steel prices, and was reluctant to stock up under market uncertainty, maintaining low inventory production, and the market transaction performance was relatively light. However, the pressure of loss of steel mills was not reduced, and the willingness to support prices was strong, and the price of stainless steel was in a dilemma.

The terminal demand was weak, the upstream cost was high, and the price of stainless steel was in a dilemma.

Market outlook

With the gradual improvement of the epidemic situation and the unblocking of cities, demand may improve in June, and stainless steel prices are expected to rebound.

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