A wave of procurement at the end of the downstream made the price of stainless steel step up a ladder, but after the excitement, stainless steel returned to calm. The price of stainless steel in Foshan market began to enter a stable stage these two days.
It is difficult to rise; It’s not easy to fall.
Last week, Qingshan, Delong and other steel mills opened new steel mill futures prices and spot guidance prices, showing an upward trend, which activated the market atmosphere, consumed part of the stock demand, and the transaction was improved. However, the stock demand before the festival was basically completed in the downstream, and the market atmosphere began to weaken gradually in recent days. The Spring Festival holiday is only one month away. According to Mysteel research, most traders in Foshan market gradually enter the Spring Festival holiday from January 10 to January 15. In less than half a month, traders’ willingness to increase prices is no longer strong. It is the best policy to ship at a stable price.
According to Mysteel research, the suspension time of 1000 ton ships is basically around January 13, 2022, and 5000 ton ships are also gradually suspended from January 19, 2022. At present, the social inventory in Foshan market is at a low level as a whole, and there are not many spot resources in the market. Under this support, the spot price is difficult to fall. With the suspension of shipping, the arrival of goods years ago will gradually decrease, and the possibility of traders shipping at a lower price is basically small.
Post time: Dec-31-2021