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SunSirs:Stainless steel prices fell slightly by 0.13% (01/06-01/10)
January 13 2020 14:10:39SunSirs(Molly)

1. Price Trends 

According to SunSirs price monitoring, as of January 10, the average daily price of 304 / 2B stainless steel flat plate 1.0 * 1219 * 2438 (tolerance 0.91) was 13,258.33 yuan / ton(including tax), which was a slight decrease of 0.13 compared with 13275 yuan / ton(including tax) on January 6%, year-on-year decrease of 2.21%.

2. Analysis of influencing factors

Affected by the floods in Indonesia this week, nickel prices fluctuated. Due to the maintenance and reduction of production in the earlier period of the ferronickel plant, the price of ferronickel has maintained stable operation. At the same time, the steel mills still take the initiative to destock at the end of the year. The stock of 300 series stainless steel has significantly decreased, and the inventory pressure has improved, which has supported the price. The cargo situation has been alleviated. At the same time, steel mills are mainly to allow profits to be shipped back to the capital. Low-cost sources may enter the market after the overdraft of demand, and the downstream will basically stop work next week, and demand will gradually weaken, putting greater pressure on stainless steel prices. In terms of output, the nation’s total stainless steel output in December was 2.4029 million tons, an increase of 9.05% year-on-year; the initial value in January was 2.0788 million tons, an increase of 4.26% year-on-year.

3. After-Market Forecast

SunSirs stainless steel analysts believe that the market has gradually entered the holiday mode, the trading is very limited, and the market has been more stable recently.

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