Good transaction is expected to continue, stainless steel prices are stable
During the week, the stainless steel futures market continued to maintain a slight strengthening trend. The demand accumulated under the influence of the previous price drop panic began to gradually release this week. Some traders gradually experienced a shortage of specifications and appropriate stocking operations under the good transaction, but the demand has not yet appeared. Explosive growth, so spot prices are not motivated to rise. In 201, under the measures of steel mills to limit prices and support prices, orders received slightly increased, and merchants also shipped more orders at agency prices in the second half of the week.
Hot-rolled products: this week, 304 hot-rolled products fell by 100 yuan/ton and 16,900 yuan/ton from last week; 201J1 cold-rolled products increased by 50 yuan/ton from last week to 9,500 yuan/ton. 201 hot rolled rose 50 yuan / ton from last week to 8950 yuan / ton.
Cold-rolled products: This week, the spot price of 304 cold-rolled steel remained stable compared with last week. At present, the mainstream of 304 cold-rolled 2.0mm Hongwang, Delong and Beigang new material burrs is 17,300 yuan/ton; 201 cold-rolled spot price increased by 200 yuan/ton compared with last week. ton, the mainstream of 201J1 cold-rolled 1.0mm cold-rolled is 9,500 yuan/ton; the spot price of 430 cold-rolled is down 400 yuan/ton from last week, and the mainstream of TISCO and Jiugang is 7,900 yuan/ton.
This week, the spot transaction of stainless steel cold-rolled in Foshan market has improved compared with last week.
For the 300 series: the spot price of the 300 series was mainly stabilized this week, and the adjustment of the merchants during the week was small, and the actual transaction performance of the market was good. At the beginning of the week, there were many inquiries about the specifications that were just in demand in the market at low prices. However, because merchants were worried about the instability of the market and cautiously prepared their warehouses, it was difficult to find goods, and some traders who had suitable stocks were reluctant to ship at low prices. The transaction is relatively normal. In the middle of the week, the stainless steel futures market continued to strengthen, and the accumulated demand in the early stage of the market was gradually released, and there was also a phenomenon of delaying delivery of orders. Merchants took advantage of the situation to increase the spot price, but the downstream did not accept the price after the increase. After stabilization, the transaction has picked up, but the driving force for price increase is obviously insufficient. After the week, the enthusiasm for purchasing gradually receded. Although the market circulation of resources in some origins is relatively small, and the situation of concentrating on the hands of agents has not eased, it is still difficult to prevent the price from falling slightly in the second half of the week.
In terms of 200 series: the spot price of 200 series has increased this week, and the actual transaction has improved compared with the previous one, but the overall price is weaker than that of 304. This week, 201 cold and hot rolled resources have been destocked to varying degrees. Although there were many low prices at the beginning of the week to attract transactions, as the transaction atmosphere in the middle of the week became better, most merchants began to be willing to follow the price limit of steel mills and the price adjustment of agents. The spot price is high, and the transactions after the market feedback week are mainly retail orders.
For the 400 series: the spot fell slightly this week, and the market transaction was average. This week, the spot price of the 400 series maintained a weak and steady decline in the transaction trend. However, since the overall transaction did not increase significantly during the week, the merchants continued to adjust the spot price. However, the response of the low-price exchange market was not satisfactory, and the shipments were limited.
Hot-rolled narrow strip: At the beginning of the week, there was limited spot circulation in the market, and traders were reluctant to sell due to a slight improvement in the atmosphere. After the week, Qingshan's agent updated the sales policy, and the downstream gradually entered the market to stock up under the preferential conditions. In 201, due to the shortage of specifications, it was difficult for traders to increase the spot price to stimulate shipments. The overall transaction has improved compared with the previous week.
On July 7, 2022, the total stainless steel inventory in the Foshan market was 159,200 tons, down 0.4% week-on-week and 2.95% year-on-year.
The total stainless steel inventory in the Foshan market was 159,200 tons, down 0.4% week-on-week and up 2.95% year-on-year. Among them, the total inventory of cold-rolled stainless steel was 106,900 tons, a decrease of 4.34% from last week, and the total inventory of hot-rolled stainless steel was 58,500 tons, an increase of 7.2% from last week.
