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SunSirs: Stainless Steel Prices Strengthened Amid Rumors of Production Cuts
January 14 2022 14:10:21SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the price of stainless steel has risen slightly recently, and the spot price of stainless steel on the 13th was 17,973.33 RMB/ton.

Analysis review

Recently, the spot price of stainless steel has risen slightly, mainly due to the hype and fermentation of a steel plant's suspension of production, and the stainless steel futures market has continued to rise. However, the stainless steel spot market was relatively quiet, and steel traders only pulled up slightly. Although merchants generally raised prices, the overall transaction was relatively deserted. As the Spring Festival holiday is approaching, merchants have low expectations for transactions, and downstream purchases are also cautious.

Market outlook

It is expected that the price of stainless steel will run steadily and tend to be strong in the short term.

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