News

In the spot market, the spot price of stainless steel rose slightly this week, and the spot price of stainless steel within the week is more stable than the futures price, although the weather is basically plum in the week, and the market sentiment has warmed up, but the overall trading performance is still more general. The downstream consumer demand side is relatively light, mostly based on just need to purchase, traders have a price sentiment, and some have to yield profits to promote exchanges. The price of raw materials is relatively stable, the production cost pressure of steel mills is alleviated, and the profit of steel mills is marginal as the price of stainless steel recovers within the week. The July production of steel mills has declined, there is a certain slowdown in the pressure on the arrival of goods in the future market, the amount of goods arriving in the market has also decreased within the week, social inventory continues to decline, and warehouse receipts continue to increase under the rise of futures. The current market is still in the background of oversupply, to July steel production reduction landing or will ease the supply pressure, the future market needs to pay close attention to the production plan of steel mills, the rhythm of market arrival and the speed of social bank. In summary, this week, stainless steel prices shock operation, raw material prices fell under pressure but still at a high level. Steel production profit is at the cost margin, steel mills are expected to reduce production in July, and the overall market trading atmosphere is general. The downstream consumer demand side is still weak, but the arrival of steel mills has decreased during the week, traders have made profits to promote sales, and the social bank has declined. So that for now,if you need cheap and high quality stainless steel material sheets, plates, especially stainless steel coils, talk with Zyta freely!