SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Stainless Steel Spot Prices Stabilized on March 30

April 01 2021 13:35:29     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, on March 30, the daily average price of spot 304/2B stainless steel plate 1.0*1219*2438 (tolerance 0.91) was 13,916.67 RMB/ton, which was the same as the previous trading day and increased by 4.77% from the beginning of the year, and an increase of 21.1%year-on-year.

Analysis review

The recent rebound in the spot price of stainless steel is mainly due to the recent rebound in upstream nickel prices, coupled with the domestic electricity curtailment policy in Inner Mongolia and the shortage of non-coke in South China, which affects the production of ferrochrome. The strong price of ferrochromium has strengthened the support of the cost of stainless steel. The inventory of 300 series stainless steel has also continued to decline recently, and the overall market inventory has been well digested, which strongly supports the price of stainless steel.

However, in order to improve performance at the end of the month, the market is actively shipping to return the funds, the actual order may have a small price cut.

Market outlook

SunSirs believes that the stainless steel spot price will be stable in the short term.

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

Related Information
Energy
Chemical
1,3-butadiene | 2-EH | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products