SunSirs: Stainless steel rose slightly this week by 0.6% (5.11-5.15)

According to SunSirs price monitoring, as of the weekend, 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 12,566.67 yuan / ton, an increase of 0.6% from the beginning of the week of 12,491.67 yuan / ton, a year-on-year decrease of 4.97 %.

In terms of market: This week, Lun Nickel fluctuated widely, and the overall price of stainless steel was relatively stable. As of the weekend, the prices of 304 stainless steel in Wuxi and Foshan have been lowered twice, and the market transactions have been flat, but there has been no sharp price decline. Although the steel mills have arrived, they are not concentrated, and there are limited delivery operations. At present in Wuxi market, the base price of four-foot trim for Jiugang and Taiyuan Steel is reported at 14,000 yuan / ton, the base price of four-foot raw material for Delong and Beibu Gulf is 13250 yuan / ton, and the base price for four-foot raw edge of Hongwang and Yongjin is 13450 yuan / Price per ton. In the hot-rolled market, the base price of the five-foot rough edge of Dongte and Delong reached 13,100 yuan / ton.

Steel mill price adjustment: Wuxi Jiugang Weekly Price (5.12-5.18): 304 cold-rolled trimming base price is reported at 14,200 yuan / ton, up by 500 yuan before the festival; 430 cold-rolled base price is reported at 7,200 yuan / ton, up by 50 yuan before the festival .

Industry News: China Trade Relief Information Network reported on May 13 that on May 12, 2020, the U.S. Department of Commerce announced that it had filed an independent case to investigate whether China ’s Stainless Steel Sheet and Strip (Stainless Steel Sheet and Strip) was circumvented by the U.S. China's anti-dumping and countervailing measures. This case involves products under the US Harmonized Tariff Numbers 7219.13.0031, 7219.13.0051, and 7219.13.0071.

In summary: Recently, the market has returned to calm, transactions are very flat, and there are few downstream enquiries. The short-term shocks of stainless steel are expected to be strong.

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