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SunSirs:Stainless steel fell slightly by 0.91%

March 05 2020 11:36:45     SunSirs (Molly)

According to SunSirs price monitoring, as of March 4th, the average daily price of spot 304 / 2B stainless steel flat plate 1.0 * 1219 * 2438 (tolerance 0.91) is the current quoted price of 12,708.33 yuan / ton, which is 0.91% lower than the previous day and 8.62% lower than the previous year. .

Recently, the stainless steel plate has fallen weakly. Recently, downstream companies have started construction one after another. In some areas, the price has stopped falling and rebounded during the week. However, transactions in most areas are still blocked, and inventory continues to accumulate. High inventory is difficult to cash out, resulting in poor capital turnover. District transactions were still blocked, and the continued accumulation of inventory became more apparent. High inventory is difficult to cash out, resulting in poor capital turnover.

To sum up: At present, some merchants in the market continue to work from home. Inventories exceed the normal level, and the turnover of funds is not smooth. They are worried that downstream industries such as the home appliance and automobile industries will be hit by social and public health incidents. Many are pessimistic on the market outlook. Short-term stainless steel prices are expected. It is still dominated by weaker shocks.

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

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