[SMM Analysis] the Price of scrap stainless Steel stabilizes the Price of finished stainless Steel may weaken

SMM, Jan. 03 / PRNewswire-Asianet /

Today, the price of scrap stainless steel is generally stable. 304 scrap stainless steel prices are quoted at 9350,9550 yuan / ton, 201 waste prices are quoted at 3900-4000 yuan / ton, and 430 waste prices are quoted at 35503650 yuan / ton.

The price of waste market has been stable recently, the procurement of raw materials in steel mills has gradually calmed down, and the procurement of raw materials during the Spring Festival has come to an end. Some traders said that waste prices may continue to be stable before the Spring Festival, but if there is a larger drop in nickel prices and nickel pig iron prices, waste may follow suit.

Today, the spot price of stainless steel in Wuxi is generally flat, private 3042B rough edge volume price is 14200-14300 yuan / ton, 304 / NO. 1 five feet 13200-13300 yuan / ton, the price is stable.

Foshan area, private 304 2B rough edge volume price 14000-14400 yuan / ton; 304 / NO. 1 five feet quoted 13400-13600 yuan / ton, the prices are the same as yesterday.

Due to the approach of the Spring Festival holiday, stainless steel products market transaction atmosphere is light, some companies will enter the Spring Festival holiday ahead of schedule in mid-January. Some traders reported that in Foshan area, there are already processing factories to stop receiving orders.

Some traders said that in the later stage, the source of low-cost futures orders ordered before will gradually come to the market, or produce certain pressure on the spot price in the future, superimposed the impact of weak downstream demand, and it is expected that the subsequent 304 cold rolling price will weaken to a certain extent.

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