The war in Russia and Ukraine is in the ascendant, and the fluctuation of the international raw material market has encouraged nickel prices to rise more than low. in particular, the recent rebound has led to a rise in the price of stainless steel finished products. There should be no doubt that the prices of the factories in the upper reaches of Taiwan, such as Lian, Tang Rong, and Hua Xinlihua, should continue to rise in April, and the relevant ethnic groups will also benefit.
The legal person said that the international mutual economic sanctions derived from the Russian-Ukrainian war not only dealt a heavy blow to the Russian economy, but also affected the global industrial supply chain, of which metals and raw materials were the hardest hit. Stainless steel relies on nickel, chromium, aluminum, iron and other metals with considerable fluctuations in quotations.
The director of the Federation pointed out that the war between Russia and Ukraine had messed everything up, the price of nickel rose to an outrageous price of US $100000 per metric ton, and LME even suspended trading, which was really thrilling and difficult for stainless steel factories to comply with. Look forward to taking advantage of the hype to calm down as soon as possible, so that steel mills have a stable operating space.
It is worth noting that at the end of March, upstream factories, including Lian Lian, Tang Rong, Huaxin Lihua, and other upstream factories, all opened new prices next month at the end of the month. The current nickel metal market is high, and it is expected that the upstream factories will only rise in April. It is estimated that if the price of nickel is US $30, 000 per metric ton, it will be much higher than the average price of about US $24000 in February. The nickel content of 300 series stainless steel is 8%, and the upstream plant has room for a big increase of NT $13000 per metric ton.
Qianxing, Yunqiang, Yunqi, etc., do not like to see stainless steel raw materials rise too much, thinking that if the increase is too high, the terminal gas purchase may be hit, so if you consider the downstream transfer capacity, it is still necessary to reserve space, after all, the upstream and downstream are integrated, and the downstream cannot be sold. It is useless to rise more upstream.
The director of the listed stainless steel factory said that the second quarter is the traditional peak season of the iron and steel industry, and under the circumstances that the rising cost of raw materials is becoming more and more obvious, the price of stainless steel is more likely to continue to rise, especially the outbreak of the epidemic in the mainland. Measures are strictly taken to clean up and seal the city, and the disruption of the supply chain has a helping effect on steel prices. Last week, the daily increase of stainless steel in Shanghai was 6%, and that of the weekly line was more than 9%. All highlight the current situation that the price of stainless steel is small and not easy.
Author: gdssmpa
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