SunSirs: On the 8th, the Price of Stainless Steel Rose and Fell Mixed
November 09 2021 13:39:32 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, on the 8th, the spot price of stainless steel was 20,333.33 RMB/ton, down 0.33% from the previous trading day and up 40.72% from the beginning of the year.
Analysis review
On the 8th, stainless steel rose and fell mixed, and the price was relatively messy.
Upstream nickel rose slightly, but downstream demand was not good, and market transactions were not smooth. Some traders chose to adjust prices to promote transactions. In fact, they mostly sold at low-price.
Electricity restrictions were relaxed everywhere, and crude steel production in November was scheduled to increase by 14.39% from the previous month.
Market outlook
It is expected that stainless steel will still be adjusted in a narrow range in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2026-01-28 SunSirs: 2025 China Stainless Steel and Key Raw Materials Import/Export Customs Data
- 2026-01-26 SunSirs: Stainless Steel Prices Rose Slightly Last Week (January 19-23)
- 2026-01-26 SunSirs: Rapid Development of China's Stainless Steel Industry During the 14th Five-Year Plan Period
- 2026-01-20 SunSirs: China's December 2025 Steel Exports Reach 11.3 Million Tons, Up 16.2% Year-on-Year
- 2026-01-19 SunSirs: Stainless Steel Prices Rose Slightly Last Week (January 12-16)
