The price of stainless steel in the market has slightly increased
The price of stainless steel in the market has slightly increased
Today, the overall price of non-ferrous futures is relatively strong, and raw materials are still stronger than finished products. From the perspective of steel spot situation, the overall transaction is good, with a slight increase in spot market prices. Mainstream stainless steel materials such as TP304, TP316L, TP304L, TP321, duplex steel S31803, 2205SS, 2507SS, etc., have increased by 20-50 yuan/ton, while stainless steel pipe prices have temporarily remained stable and unchanged
Recently, the release of macroeconomic benefits has accelerated. Today, the urban village renovation project was announced to be included in the scope of special bond support. Market sentiment has once again warmed up, with strong cost support. The short-term steel market does not have a deep decline foundation. Although there is inventory pressure on hot-rolled stainless steel coils and plates, yesterday Baosteel, Anben and other steel mills introduced a price policy for plate products in October, with an increase of USD20-50 yuan/ton for hot-rolled coils. Cold rolled stainless steel coils, sheets, and traders showed a clear willingness to support prices. In addition, with the improvement of market sentiment and the recent positive demand for procurement, the expectation of "Jinjiu" is once again strengthening. Next week, we will enter the replenishment time node before the Double Festival, and pay attention to the sustainability of demand. At present, the market is still in the upward guidance stage of raw materials. Due to stricter coal mine inspections, some coal mines have stopped production, and prices continue to rise. It is expected that short-term steel prices may follow strong fluctuations, and attention should be paid to the follow-up of high resource demand.
September 13, 2023
