according to the price monitoring of sunsirs, the price of stainless steel rose slightly, and the spot price was reported at 17,666.67 rmb/ton, an increase of 0.95% from the previous trading day.

analysis review

recently, the stainless steel spot rebounded slightly. the prices of high-grade ferro-nickel and scrap steel at the raw material end were raised, nickel prices fluctuated at a high level, and prices of high-carbon ferrochromium remained weak. the crude steel production schedule in january is expected to drop by 13.26%.

the marginal improvement of real estate completion, the seasonal demand is off-season, and centralized procurement has basically ended. social inventories have fallen for 5 consecutive weeks, supporting stainless steel prices.

market outlook

stainless steel is expected to fluctuate mainly within a narrow range.