SunSirs: The Overall Market Transaction of Stainless Steel Plate is not Good

On March 25, the benchmark price of stainless steel plates in SunSirs was 14,564.29 RMB/ton, a decrease of -6.21% compared with the beginning of this month (15,528.57 RMB/ton).

Since the cancellation of the price limit in South China steel mills on March 13, the agent's price has been adjusted to the mainstream price in the market, and there is room for negotiation on actual orders. Recently, the market has become more pessimistic, and the profit margins of the industrial chain have been squeezed from bottom to top. Facing that the price of ferronickel has fallen below the cost line, domestic iron factories cannot accept low market prices due to production losses, and most iron factories implement production reduction plans.

Although there is a relatively obvious decrease in inventory, the overall market transaction is not good, and the price of raw materials has also dropped slightly, which has weakened the supporting effect on the price of finished products. It is expected that the price of stainless steel will fluctuate slightly in the short term.

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