SunSirs: The Price of Stainless Steel Rose Slightly This Week (December 5-9)
December 13 2022 14:26:53 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the stainless steel rose slightly this week. As of December 9, the daily average price of spot 304/2B stainless steel plates 1.0 * 1219 * 2438 (tolerance 0.91) was 15,607.14 RMB/ton, 0.88% higher than the price of 15,471.43 RMB/ton at the beginning of the week, 0.86% higher than the same period last year.
Analysis review
According to the price difference analysis tool of SunSirs, the price trend of nickel and stainless steel was mostly similar recently, and the price of nickel rose more sharply.
This week's stainless steel inventory totaled 797,700 tons, up 18.32% from last week. Among them, cold rolling warehouse and hot rolling stock both rose.
Market outlook
To sum up, although the spot transaction is still biased in the off-season, due to the favorable domestic macro policies, the profits of the steel mill have been restored, the stock mood is more positive, and the merchants are more eager to rise. In addition, the nickel price has risen significantly, and the stainless steel price is expected to be strong mainly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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