SunSirs: Stainless Steel Fell Slightly This Week (February 13-17)
February 21 2023 09:34:35 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, stainless steel fell slightly this week. As of February 17, the daily average price of spot 304/2B stainless steel flat plate 1.0 * 1219 * 2438 (tolerance 0.91) was 15,650 RMB/ton, down 0.95% from 15,800 RMB/ton at the beginning of the week, and down 10.65% year on year.
According to the analysis tool of the price difference of SunSirs, the price trend of nickel and stainless steel was basically the same, and the price of stainless steel had fallen slightly recently.
Analysis review
This week's stainless steel inventory totaled 1,400,518.75 million tons, down 0.931% from last week, of which the cold rolled warehouse inventory rose and the hot rolled inventory fell.
To sum up, the market traders continued to resume work, and the social inventory of stainless steel accumulated again. After the Lantern Festival, the market demand for stainless steel was relatively weak, and stainless steel temporarily fell into a stalemate.
Market outlook
It is expected that stainless steel will mainly continue to maintain the regional fluctuation pattern in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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