Price trend

According to the price monitoring of SunSirs, on the 20th, the spot price of 304, 2.0 four-foot rolls was 18,360 RMB/ton, which was unchanged from the previous trading day and increased by 9.29% year-on-year.

Analysis review

The spot price of stainless steel was generally stable. The demand for nickel stockpiles was still not high, and the downstream of stainless steel continued to operate bleakly. The contradiction between steel mills and terminals had not been alleviated, and the contradiction between supply and demand still could not reach an agreement.

Steel mills will continue to ship at high prices after nickel prices fall, while the demand from downstream terminals has not improved, and the willingness to stock up at least until July is still low. However, some steel mills are losing money and have cost support.

Market outlook

It is expected that the spot of stainless steel will be weak and stable in the short term.

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