大连城山金属加工有限公司

The current price difference of stainless steel futures in the new low period exceeds 1100 yuan/ton!


On the spot side, the transaction of stainless steel spot market continued to be weak today, but some traders said that due to Monday, some downstream replenishment, the transaction was general, slightly better than last Friday. However, after today's price reduction, the market transaction will definitely be light again.

On the 16th, nickel and other non-ferrous metals were in a strong state due to the signing of the RCEP agreement, driven by the macro sentiment, but the stainless steel contract deviated from the future nickel, and went down all the way to a new low. On the one hand, the stainless steel spot market has sufficient supply of goods, but the transaction demand is poor, which is a drag on the stainless steel futures; On the other hand, Qingshan Iron and Steel Co., Ltd. issued an offer again in the morning, and the price of 304 cold rolling was reduced by another 200 yuan/ton, which again depressed the stainless steel market.

At present, the high level of the current price difference of stainless steel has expanded to 1100 yuan/ton, and the trend of the futures market is more weak. The futures contract price has fallen below the cost line level of the steel factory. On the spot side, based on the raw material price of the day, the profit level has reached the break-even line. However, due to the weak performance of the finished stainless steel products, the price of raw materials such as high-nickel pig iron and waste stainless steel has been dragged down, and the cost of stainless steel is also in a downward trend, Therefore, the cost support strength is weakened, but at present, due to the impact of the family transfer, the output of the 300 series has declined slightly, and the follow-up attention will be paid to whether the small decline in output and the weak support of cost can stop the decline of stainless steel and stabilize it when the demand is no longer deteriorating.

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