Stainless steel prices will remain firm in China
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Update time : 2021-06-15 21:29:51
According to the current market information, China's 200 series stainless steel inventory was 12,300 tons, a decrease of 19.80% compared to last week.
The decline was mainly reflected in the Shandong market and the Liaoning market. With less stock and few spot resources, the supply was tight in the market and the price has increased slightly during the week. It is expected that the 200 series will have more supply resources next week and tight supply can be improved.
For the 300 series, the total stainless steel inventory was 30,000 tons, a slight increase of 0.31% week on week. Among them, the 300-series cold-rolled rolled products decreased by 5.13% and the supply was tight during the week. There was a shortage of material, which can't be sourced even with higher prices paid.
For the 400 series, the total stainless steel inventory was 100,000 tons, which kept flat from last week. Due to the off-season, market demand was relatively weak and the transaction was relatively quiet. Under the shortage supply, it was expected that China's stainless steel price will remain firm and stable this week and next week.
