Price increases will be "visual fatigue", "stainless steel " market will get heat stroke

July 31th

Overnight LME nickel closing price of $10145, up $175, for the stainless steel market, is a very pleased thing, because it means that nickel prices will lead the price of stainless steel rise up.

However, the strange thing is, in recent days, the stainless steel has been caught in a loop after the nickel price has been boosted. The general feedback of the stainless steel merchants seems to have gone up the price, and the rest is to drink tea and wait for the call, and the deal is not enough to make people feel that the market is just making a profit. Can the rise also be tired, the stainless steel market also can heatstroke?

Since middle June, the price of stainless steel has been redrawn and raised. It has been repeated four times, and the price of the low season is a beautiful sight.

But at this time of the downstream, although almost short positions, but due to excessive stock regression, are no longer willing to stock up, no matter how to pull up over and over again, is “reason”, according to the demand for purchase.

Such an atmosphere, such “not bought”, but let a similar ”forced empty” scene. The market, the same way to today.

So much so that we raise the price and only the passion of shouting, but the feeling that the deal is weak.

We have learned, the current 201 stainless steel cold rolling mainstream price 8900-9000 Yuan/ton, 304 Stainless steel sheet mainstream price 14200-14400 Yuan/ton, the stainless steel thick sheet price 14500-14600 Yuan/ton.

Keyword: stainless steel market, 201 stainless steel price, 304 Stainless steel sheet price.