SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Stainless steel plate Stainless steel plate News > News Detail
Stainless steel plate Stainless steel plate News
SunSirs: Stainless steel rose slightly by 1.68% on April 15
April 16 2020 09:07:16SunSirs(Molly)

According to SunSirs price monitoring, on April 15, stainless steel plate prices rose slightly, with a quotation of 11,600 yuan / ton, which was 1.68% higher than the previous day and 13.31% year-on-year.

304 cold-rolled sheet rose 100-250 yuan / ton, the number of terminal inquiry telephones increased, the market was hot, the situation was optimistic, and the shipment was flexible. Since March, the growth of stainless steel inventories has slowed down, on the one hand, due to the traders' price reduction and shipments in March, they mainly consume inventories. On the other hand, due to the large reduction in the output of the steel mill itself in February, the arrival of goods in the market in March decreased to a certain extent, which combined with the certain consumption of social stocks by the downstream centralized procurement in early March, resulting in a slight decline in social stocks in March. In addition, the transportation of nickel ore is prohibited, the price of ferronickel and the price of stainless steel scrap have increased, which has increased the cost and made the price of stainless steel stronger.

In summary: As steel mill production gradually resumes, inventory has increased. Foreign epidemics are in an outbreak period, and the export demand for stainless steel and metal products is limited. It is expected that walking on stainless steel will not last long.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products