201 stainless steel: pull up too fast and difficult to digest, downstream cannot hold?

October 10^th Foshan market new, the past few days, the price is more than sitting on a roller coaster, it’s just going up like a rocket. As of today, 201 stainless steel cold rolled price has to go to 10300 Yuan/ton, compared to before the market is feeling miserable and gloomy atmosphere, but the people dance for joy.

In the morning, not surprisingly, steel mills also pull up opening posture, Hongwang/Chengde price is 10200 Yuan/ton, long time not seen the Chengde also catch this wave, and LISCO steel mill price rise up 100 Yuan/ton, price is 10100 Yuan/ton. In the market price, LISCO mainstream price is 10100 Yuan/ton, Hongwang/Chengde price is 10200 Yuan/ton, some of price is 10300 Yuan/ton, Bao steel price is 10000 Yuan/ton.

In the afternoon, the electronic disk is a little bit out of force, and black system comes down. The market has not been rattled for a while, the quotation is not much different from the morning, and the excluding quote price is 9200-9250 Yuan/ton. It is worth noting that, if the electronic disk shock downward, the market price may appear callback. In addition, for this wave of price increases, the downstream sentiment began to emerge.

Keyword: stainless steel market, 201 stainless steel cold rolled sheet price.