Price trend
According to the price monitoring of SunSirs, the price of stainless steel rose slightly on the 22nd. The spot price was reported at 15,665 RMB/ton, an increase of 0.21% from the previous trading day, an increase of 17.93% from the beginning of the year, and a year-on-year increase of 18.6%.
Analysis review
The price of stainless steel has stopped falling recently and profits have been restored. The on-demand downstream just purchased on dips, and the market transaction atmosphere improved slightly. Inventory fell for three consecutive weeks. In addition, the resource of waste stainless steel was tight, and the price of stainless steel rose.
Market outlook
It is expected that stainless steel will continue to fluctuate and tend to be strong in the short term.
