Stainless Seel Spot Prices to be Stable with Occasional Falls

Telah Terbit: Mar 27, 2023 13:57
Sumber: SMM
The overall 300-series stainless steel social inventory fell rapidly last week.

SHANGHAI, Mar 27 (SMM) - The overall 300-series stainless steel social inventory fell rapidly last week. High-grade NPI prices plummeted amid the news of production reduction and shutdown of stainless steel mills. Recently, NPI transactions have improved greatly, and the overall inventory was on the downward track. Nickel ore prices ran stably after the previous sharp fall and are expected to drop in the near future. It is expected that NPI prices will run with occasional falls this week. In summary, the stainless steel transactions improved on the falling prices last week. The cost support may weaken. SMM believes that the spot prices of stainless steel may be stable with some downward potential this week.

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