SunSirs: The Price of Stainless Steel Was Up Slightly This Week (April 11-15)

Price

According to the price monitoring of SunSirs, the stainless steel fluctuated slightly this week. As of April 15, the price of spot 304/2B stainless steel plate 1.0*1219*2438 (tolerance 0.91) was 18,398.33 yuan/ton, compared with the price of 18,531.67 yuan/ton at the beginning of the week, fell 0.72%, and was up 32.76% year-on-year.

Analysis review

According to the spread analysis tool of the business community, the price trend of spot stainless steel and nickel diverged this week.

The social stock of stainless steel had accumulated. Due to the impact of the epidemic in various places, there were still major problems in the transportation of goods. At this stage, the number of downstream orders is relatively small, and the price of stainless steel is high, but the price of finished products cannot increase significantly, the downstream profit space is compressed, and the overall willingness to accept orders is low.

Market outlook

It is expected that the overall price of stainless steel will remain stable.

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