China’s stainless steel price continues to increase last week
Views : 46
Update time : 2025-01-21 17:39:51
Stainless steel prices in China continued to rise last week, supported by stronger futures and positive market sentiment. However, as the Lunar New Year approaches, demand remains weak, and short-term pressure continues.
The stainless steel market rebounded for the second consecutive week after reaching a four-year low, driven by factors such as Indonesia's nickel mining policy, expected US interest rate cuts, and China's 5% GDP growth last year. Additionally, the IMF's upward revised global economic growth to 3.3% for 2025 also boosted market confidence.
Despite a slight decline in stainless steel inventories, market activity is slowing as downstream enterprises are going to enter the holiday period, keeping overall demand limited.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
