SunSirs: Stainless Steel Prices Fell Slightly on the 25th
October 26 2021 13:36:05 SunSirsl (John)
Price trend
According to the price monitoring of SunSirs, on the 25th, the price of stainless steel was currently quoted at 21,566.67 RMB/ton, down 1.22% from the previous trading day and up 49.25% from the beginning of the year.
Analysis review
The impact of the shortage of electricity on the production of stainless steel plants may be weakened, the price of raw ferronickel is firm, and the price of ferrochrome is falling.
In October, 32 domestic stainless steel plants are expected to produce 2.2223 million tons of crude steel, a 6.41% month-on-month decrease. The total social inventory of stainless steel in the mainstream market in the country is 557,300 tons, a week-on-week decrease of 5.68%.
Market outlook
Stainless steel still maintains a narrow fluctuation trend in the short term.
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