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SunSirs: On the 18th, the Price of Stainless Steel Was Mainly Consolidated

January 19 2022 15:06:16     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the price of stainless steel has been stable recently. On the 18th, the spot price of stainless steel was 18,100 RMB/ton, a year-on-year increase of 21.07%.

Analysis review

Stainless steel prices have stabilized recently. This week, most manufacturers were rushing to deliver pre-holiday orders and finishing work at the end of the year. The downstream had basically suspended the procurement of resources. Merchants were not in a hurry to sell goods, and the atmosphere of waiting for the holiday was strong. The market was mainly stable and there was no big change.

Market outlook

It is expected that before the holiday, the stainless steel market will not have too many variables, and the price will be mainly consolidated.

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