Price trend

According to the price monitoring of SunSirs, on the 15th, the spot price of stainless steel was stable, and the current quotation was 19,733.33 RMB/ton, which was unchanged from the previous trading day and increased by 31.4% year-on-year.

Analysis review

Recently, stainless steel rose slightly. From the perspective of supply and demand, although the domestic stable growth environment will have a certain boost to stainless steel consumption in March, with the recent increase in the domestic epidemic situation, there may be concerns that the consumption in the future may be dragged down by the epidemic, and the stainless steel supply side is showing an expansion trend, and there are certain concerns about the supply and demand of stainless steel.

The planned output of domestic crude steel in March increased by 20.4% month-on-month, and subsequent arrivals may increase. Due to the needs of epidemic prevention and control, the current major logistics parks in Wuxi are temporarily closed for entry only, and the transportation time limit will be delayed.

Market outlook

It is expected that stainless steel will mainly fluctuate within a narrow range in the short term.

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