According to the price monitoring of the SunSirs, stainless steel first rose and then fell last week. As of June 10, the daily average price of spot 304/2B stainless steel flat plate 1.0*1219*2438 (tolerance 0.91) was 17567.5 RMB/ton, down 0.18% from 17598.33 RMB/ton at the beginning of the week, up 15.34% year-on-year.

According to the price difference analysis tool of SunSirs, the spot stainless steel and nickel prices have weakened recently.

Stainless steel inventory remained high last week. The spot market has been falling continuously. At present, most steel mills are facing losses. In the future, steel mills may reduce production or increase production. At present, there is a large accumulation of social inventory to be digested, and the downstream demand has not improved significantly. At present, the spot price is in weak and stable operation, the overall demand of downstream and terminal is still poor, and customer procurement is reduced. It is expected that the spot price of stainless steel is still in weak operation.

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