SMM1 March 18: recently, according to media reports, some upstream steel mills are seriously in breach of contract, resulting in long-term arrears, changing the way of performance or compulsory matching sales, and many middle and lower reaches enterprises are forced to accept the unreasonable terms of "buying a large number of spot goods at high prices in order to partially extract the previously signed low-price futures". Forced collocation sales have a tendency to spread, resulting in some stainless steel enterprises in the short term "no rice pot", some downstream manufacturing enterprises, construction sites, contractors and even face the plight of shutdown.
SMM analysis, from the second and third quarter of 2021, due to a substantial increase in market demand, stainless steel prices rose sharply and hit a new stage, steel mills could not deliver the order, the delivery of the order was delayed, and in the later stage, low-cost orders need to be superimposed with high-price orders to pick up the goods.
According to SMM research, at present, a lot of market orders have been delivered, but some orders have not yet been fully delivered, but near the end of the year, the market is facing a holiday, and logistics will also be suspended. SMM believes that the follow-up should pay attention to the arrival of the post-holiday market.
In the futures market, the main force of stainless steel was red for the first time today after three consecutive days of decline, up 1.7% to 17970 yuan / ton as of the day's close.
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In the spot market, the average price of 304 Compact 2B volume-rough edge (Wuxi) was 18050 yuan / ton, an increase of 0.28%. SMM research, SS contract repair, in the vicinity of 18000 yuan / ton shock, although the spot market has gradually faced holidays, transaction weakening, but some spot prices in the SS contract driven by there is still a small adjustment, today 304 cold rolling coiling price 17800-18300 yuan / ton, 304 factory trimming coiling price quoted 18400-18600 yuan / ton, 304 hot rolling coiling price range 18100-18400 yuan / ton. The average price will be raised by 50 yuan per ton. At present, the stainless steel spot market is expected to gradually enter the holiday next week, and some logistics are suspended, so the market is expected to be calmer next week.
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Follow-up development SMM will continue to follow up the report, please follow ~
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