Published 21 July 2023
stainless steel in stock price is higher
July.20 in the futures contract rally driven by the market trading atmosphere improved, in addition to the current trade side of the inventory pressure is limited, the two superimposed, stainless steel spot prices rose rapidly. Since the beginning of late June, the main contract price of stainless steel futures has shown a trend of shock upward, July 20, under the influence of macro factors and some nickel-iron rumors, nickel and stainless steel main combined have risen significantly, as of the afternoon close, the main contract price of stainless steel to 15375 yuan/ton, up 415 yuan/ton, an increase of 2.77%, nearly two months high. A sharp rise in the atmosphere led to better spot transactions. At present, the market is more optimistic about the “gold nine silver ten”, expected general preference, the other 20 days in the plate led by a sharp rise, the mood has further improved, some wait and see orders entered the purchase, the morning spot trading atmosphere has improved significantly, merchants tentatively pull up, generally raise the spot price 50-100 yuan/ton. In the afternoon, due to the relatively low spot inventory of some traders, the market price was further adjusted, and the downstream acceptance began to decline,...
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