Price trend
According to the price monitoring of SunSirs, on April 19, the daily average price of 304 / 2B stainless steel plate 1.0 * 1219 * 2438 (tolerance 0.91) was 13,775 RMB/ton, down 0.18% from the previous trading day, up 3.89% from the beginning of the year, and up 16.33% from the same period last year.
Analysis review
Recently, the social inventory of 300 series stainless steel has declined for seven consecutive weeks. At present, it is at a low level in history. The spot supply is not abundant, the demand performance is acceptable, and the spot price is still supported. However, at present, the market is pessimistic about the expectation of the middle line, the price center of ferronickel and ferrochrome at the raw material end moves down, and the spot profit situation of stainless steel plants improves. However, the price of upstream nickel fell, putting pressure on the price of stainless steel. According to statistics, the stainless steel inventory in Wuxi is 353,300 tons, an increase of 8,400 tons compared with last week, and the stainless steel inventory in Foshan is 203,600 tons, a decrease of 13,100 tons compared with last week.
Market outlook
The spot price of stainless steel is expected to fluctuate weakly mainly in the short-term.
