Spot prices for stainless steel sheet stainless steel 03Х17Н14М3 on the market this week are basically the same for all series with slight price fluctuations. Of these, 201 decreased slightly, 304 stainless steel sheets 03Х17Н14М3 fluctuated and remained stable, 430 remained in a weakly stable state. As of this Friday, the main contract price for stainless steel increased by 40 yuan/ton compared to last week to 14,580 yuan/ton. Let's take a look at this week's market performance and forecasts for the market's outlook.
The market price of 304 has fluctuated this week. The private price for hot-rolled steel was reported to be 14,250 yuan per ton, unchanged from last week's quotation. According to market feedback, except for the improvement in the shopping atmosphere on Tuesday during the week, transactions on other days were relatively small. In conditions of sluggish prices, terminal buyers are more cautious about replenishing stocks. In addition, Qingshan maintains its measures to limit agent shipping prices, with cold and hot rolled steel prices slightly higher than market traders' main quotes, and steel mills continue to support prices.
In terms of cost, the price of high-carbon ferronickel decreased slightly this week. The main quote on the market today is 1115 yuan/nickel, which is 10 yuan/nickel lower than last week. High carbon ferrochrome fell 200 yuan. /50 basis tons from last week to 8500-8700 yuan/50 basis tons. The theoretical cost of cold rolling of grade 304 (with 2.0mm burr) is 15,136 yuan/ton, slightly less than last week by 156 yuan/ton. The price of scrap 304 this week is 10,500 yuan/ton, which is the same as last week. The theoretical cost of scrap cold-rolled sheet 304 stainless steel 03Х17Н14М3 is 15,181 yuan/ton.
This week, market reserves of the 300 series increased by 5.4 thousand tons to 483.4 thousand tons. Reserves of cold-rolled steel 03Х17Н14М3 continued to deplete, and hot-rolled steel accumulated again. During this inventory cycle, futures prices fluctuated and bottomed out, market transactions were generally cleared, spot deliveries slowed, and hot-rolled resources from Qingshan and Delon arrived one after another, resulting in only a slight decline in cold-rolled steel inventories. Stocks of hot rolled products have appeared. Thousands of tons have accumulated in warehouses. Current inventories remain relatively high. Under pressure from dwindling inventories, steel mills have largely continued to cut production. Steel mills still have plans for maintenance and production cuts in November. Pay attention to the rhythm of terminal purchasing operations.
