SunSirs: The Volume of Scheduled Production Rebounded in December, and Stainless Steel Fell Slightly on the 6th
December 07 2021 13:28:03 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the price of stainless steel fell slightly on the 6th, with a price of 17,533.33 RMB/ton, down 0.57% from the previous trading day and up 21.34% from the beginning of the year.
Analysis review
Stainless steel production schedule continued to pick up in December. In December, stainless steel crude steel production was scheduled for 2,671,600 tons, an increase of 2.76% month-on-month. Among them, the 200 series was 721,400 tons, a decrease of 3.49% from the previous month; the 300 series was 1,460,800 tons, an increase of 5.24% from the previous month; the 400 series was 489,400 tons, an increase of 5.43% from the previous month.
According to customs statistics, the total domestic stainless steel exports in October was about 318,000 tons, a decrease of 13.94% from the previous month; the import volume was 262,300 tons, an increase of 8.62% from the previous month.
Market outlook
Downstream demand is weak, but nickel prices have risen slightly, and stainless steel has cost support. The stainless steel market outlook is expected to fluctuate and tend to be weaker.
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