SunSirs: The Spot Prices of Stainless Steel Fluctuated Slightly on June 9
June 10 2021 13:52:48 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, on June 9th, the average daily price of spot 304/2B stainless steel plate 1.0*1219*2438 (tolerance 0.91) was 15,231.67 RMB/ton, which was the same as the price on the previous trading day. It increased by 14.67% from the beginning of the year and increased by 22.1% year-on-year.
Analysis review
The spot stainless steel price fluctuates mainly recently. In terms of upstream nickel, the current supply and demand fundamentals are relatively good, and the demand for nickel resources for stainless steel and new energy is high. In addition, the import of the Philippines is affected by the weather, the upstream nickel price is strong.
The rise in overseas stainless steel prices has driven domestic stainless steel prices upward. In addition, Southern Power Supply and Delong's recent overhaul may affect shipments, and short-term market resources are difficult to recover. The supply side supports the price of stainless steel. However, now it has entered the off-season of demand, and demand may slow down.
Market outlook
The price of stainless steel is expected to fluctuate upward in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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