Price trend

According to the price monitoring of SunSirs, on the 30th, the spot price of stainless steel fell slightly, and the quotation was 18,731.67 RMB/ton, down 0.18% from the previous trading day and up 34.6% year-on-year.

Analysis review

At present, the spot price of stainless steel is weak and declining. In East China, affected by the public health incident, the epidemic prevention and control has been upgraded. Although some markets have been unsealed, shipments are still hindered under logistics control. At present, the main focus is to complete previous orders. The epidemic prevention and control in Northeast China is severe, and it is basically in a state of shutdown and production. Other regional markets can go to work normally, but the current downstream demand is sluggish, and traders in some markets continue to adjust spot prices for shipments, and the overall transaction is mainly based on rigid demand.

Market outlook

Stainless steel prices are expected to run weakly in the short term.

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