According to SunSirs price monitoring, as of the weekend, the average daily price of spot 304/2B stainless steel flat plate 1.0 * 1219 * 2438 (tolerance 0.91) is the current quoted price of 12183.33 yuan/ton, which is 1.75% lower than the beginning of the week of 12400 yuan/ton and 11.99 year-on-year %.

The stainless steel market has continued to decline in recent days. The upstream nickel price fluctuated this week, especially near the weekend, when Saudi Arabia and crude oil fell sharply, and US stocks plummeted. As of Friday, the nickel price fell below the 100,000 mark. Stainless steel prices have also fallen. In terms of market, the overall transaction situation in Central China this week is slightly better than last week, and the average daily turnover of large households is more than 100 tons. The downstream resumption is OK, but the proportion of resumption is not large. Dealers in Southwest China have basically resumed work this week and are able to go to the office. Shipments are also improving, and the turnover of large households can exceed 200 tons. In terms of inventory, with the gradual release of downstream demand, inventory is also slowly being consumed, and the overall market resource volume has shown a slight decline from last week.

In summary, although the resumption of work has resumed, the downstream has not yet started full-scale production, and it is still in low-load production, which is yet to be resumed. In addition, the pressure on the market inventory is still too large, and the contradiction between supply and demand is outstanding. Inventory requires a certain consumption cycle. When the market demand has not fully started and the steel mill has not actively reduced its output, coupled with the decline in nickel prices, stainless steel is expected to be weak in the short term. Run first.

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