The Situation Of The Stainless Steel Plate Market

Nov 02, 2021

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The downturn in the stainless steel flat market will continue. If we want to change, we can only expect a reduction in supply. In an environment where the real estate situation is sluggish and the economy is facing downward pressure, the market mentality is still quite cautious, and changes in local markets are difficult to bring trend changes to the overall market. As the end of the season approaches, and the end of the season is approaching, the market capital face may become more serious again. In addition, the spot market will also be impacted by further innovative low prices in the futures market. In the short term, the domestic stainless steel flat market prices may return to a downward trend. The stainless steel flat market is rising retaliatoryly, but demand has not kept up. After the price increase, the transaction was weak. In the second half of the week, market prices also tended to be more rational, and the prices of departmental funds were slightly loosened in the later period. On the whole, market transactions are not smooth, coupled with the impact of the typhoon climate, it is expected that the short-term stainless steel flat market prices will remain stable with some decline. The increase in net exports not only digested the increase in total crude steel, but also digested market inventories, reflecting how weak the market demand for stainless steel flat plates is.

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