Price trend

According to the price monitoring of SunSirs, the price of stainless steel rose slightly on the 9th, and the spot price was 16,823.33 RMB/ton, a slight increase of 0.1% and a year-on-year increase of 20.02%.r

Analysis review

Upstream nickel prices have fallen as downstream enterprises have not fully resumed work and consumption has been weak. At present, the market has not been fully resumed and officially put into production, and logistics vehicles in Wuxi market have begun to return to normal, mainly picking up undelivered orders before the holiday, and market resources are limited.

Market outlook

Merchants are optimistic about the release of demand after the festival, and the market price of stainless steel is expected to be relatively firm.

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