SunSirs: Demand Has Not Improved, Spot Stainless Steel Still Runs Weakly
September 16 2021 14:09:54 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, on the 15th, the spot stainless steel price dropped slightly, with a quotation of 18,006.67 RMB/ton, a slight decrease of 0.18% from the previous trading day.
Analysis review
On the 15th, the spot price of stainless steel was weak, and the upstream nickel price dropped sharply, which dragged down the price of stainless steel to a certain extent. Although the stainless steel production schedule is low in September, the downstream demand is not strong, the current price is high, and the downstream acceptance is weak. Most of the orders are mainly inquiries, and the actual orders are limited.
Market outlook
It is expected that in the short term, stainless steel prices will still fluctuate within a narrow range following the adjustment of nickel prices.
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