According to the price monitoring of the business society, on the 8th, driven by the sharp rise of NID, several nickel contracts in Shanghai were closed and the downstream stainless steel also 20000yuan / ton . 

The spot price of stainless steel was 20073.33 yuan / ton, up 4.15% in a single day.

With the sharp rise of NID,, the price of stainless steel also rose sharply, but some traders were reluctant to sell because of the shortage of resources, which was difficult to alleviate in the short term, and some closed their offers without quotation. The downstream is also in the mentality of buying up and not buying down. There are many market inquiries, but the spot price is sharp, and the downstream is difficult to adapt for the moment. 

Last week, the inventory of stainless steel appeared to go to the warehouse, and the transaction has warmed up. This year, more new stainless steel production capacity is added, and attention is paid to the production of steel plants. The crude steel production schedule in March increased by 20.4% month on month, and the supply of steel mills is expected to be too much. Stainless steel prices are expected to remain strong in the short term.

Stainless steel plate 
material: 304 / 2B; 
Specification: 2.0 * 1219 * C; 
Variety: cold rolled stainless steel coil

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