Stainless steel futures fluctuated and traded weakly today. It opened at 14,900 yuan per tonne in the morning. As of the afternoon close, the main stainless steel futures contract fell 65 yuan per ton to 14,795 yuan per ton. down 0.44%, Shanghai Nickel first After rising, it fell sharply in late trading, closing down 1,500 yuan/ton to 149,530 yuan/ton, down 0.99%.
The "Silver Ten" has passed the halfway point, and the transaction atmosphere in the spot market has not improved significantly. Yesterday afternoon some areas were repaired due to high voltage lines. Back then, non-working activities were organized in advance in power outage zones. Market power has not been restored at this time. What are the results of intraday trading?
Based on this morning's inquiry, the main reference price of 304 cold rolled sheet in the market reached 14,650 yuan/ton, down 50 yuan/ton from yesterday; The main price of hot rolled steel reached 14,400 yuan/ton, down 50 yuan/ton from yesterday. Currently, costs are low coupled with weak demand, end-consumer buying sentiment is subdued, and most market deals have been pulled from warehouses at low prices. 14,600 yuan/ton supplied.
After the holiday, inventories of 300 series 304 sheets built up significantly and returned to the high level at the beginning of the year. However, from October to November, many steel mills carried out major repairs and reduced production, which affected the output of 260,000 tons of steel. 300, and the supply pressure can be reduced.