SunSirs: Stainless Steel Prices Continued to Be Weak and Stable on the 20th
October 21 2021 13:35:01 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, on the 20th, the price of stainless steel was currently quoted at 19,856.67 RMB/ton, a decrease of 0.08% from the previous trading day and an increase of 49.49% from the beginning of the year.
Analysis review
The current supply and demand of stainless steel are weak. The supply side will be affected by dual control and power restrictions in the short term, and it is difficult to change in the short term, and the current inventory is relatively low, and the upstream and downstream are affected by power restrictions. There is limited room for the price of stainless steel to fall under the support of supply reduction.
Market outlook
Stainless steel still maintains a narrow fluctuation and weak trend in the short term.
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