Inventory increases, stainless steel prices whether falling
The latest phase of foshan market stainless steel total social inventory is continuing to increase, but traders are not willing to lower prices, the willingness to take delivery is not strong, foshan market stainless steel spot price reduction space is limited, more in the high firm. First, the steel price willingness is obvious April 20, Castle Peak steel opened may futures price guidance, were flat quoted; Foshan market delong steel from April 14, 304 cold rolling spot price continued 20200 yuan/ton base. Although the recent market transaction is not good, the agent is not free, but from the price of steel out of the price, the will is more obvious, the price is still in high firm. Second, traders spot cost is high According to the market feedback, the early shipment is based on low-cost resources, the current price of spot resources in the hands of traders is relatively high, including there are still Delong 304 cold rolling 20800 yuan/ton and 21500 yuan/ton, Yongjin 304 cold rolling in 20400 yuan/ton. As of April 21, foshan market 304 cold rolling spot price in 19900 yuan/ton, traders in order to fund flow, most of the shipment at a loss, but less loss...
2022-04-22
