SunSirs: On October 25, the Spot Price of Stainless Steel Was Mainly Stable with Slight Adjustment
October 26 2022 09:38:53 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, on the 25th, the average market price of stainless steel was 17,912.5 RMB/ton, up 0.14% from the previous trading day and down 16.94% year on year.
Analysis review
Stainless steel spot was mainly stable with small adjustment in recent days. There was no obvious improvement on the demand side, and the willingness to purchase in the downstream market was low. In some areas, the epidemic prevention and control measures became stricter and the logistics and transportation were blocked. Near the end of the month, some merchants sold goods at a discount. However, at present, there is little pressure on the market inventory, in addition, with the support of raw materials, the price of stainless steel is relatively strong.
Market outlook
It is expected that the stainless steel market will be dominated by major stability and minor adjustment in the short term.
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