Two weeks after National Day, high retail chrome prices continued to rise steadily but weakly. holiday, a decrease of 1.68%.
This is a far cry from the ceremonial occasion when the price of high chromium content rose by 600 yuan after National Day celebrations last year. After the National Day holiday in 2022, the price of 2mm high chromium stainless steel sheet paper continued to rise, rising from RMB 8,000/50 basis tons to RMB 8,600/50 basis tons, up 7.5% from before the holiday.
After the National Day this year, the market price of 2mm high chromium stainless steel sheet did not increase, but fell. Why?
On the one hand, the market supply of high chromium stainless steel with a thickness of 2 mm has recently continued to remain high. From June to September, domestic production of the high-chromium metal remained above 600,000 tonnes. In September, production of high-chromium high-chromium sheet reached a new two-year high, a significant increase of 213.6 thousand tons compared to the same period last year.
And with the resumption of high-chromium production and the gradual release of production capacity in the second half of the year, it is expected that the production of high-chromium chromium in October will remain at a high level - more than 650 thousand tons.