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At present, my country's stainless steel market has not slowed down due to the advent of the off-season. On the contrary, under the influence of raw material support and resource shortages, steel mills have sharply increased their prices. The market is bullish. The spot price of stainless steel in January went out of the "bullish" "The rhythm. On January 27, Yan Dandan, an analyst at Jinlianchuang Steel, introduced that as of January 27, the price of 304 Taiyuan Steel's hot and cold rolled products was reported to 15850-15950 yuan/ton, an increase of more than 1,000 yuan/ton from the beginning of January; 200 series The price of 201 Angang Lianzhong cold coil was reported to 8,800 yuan/ton, an increase of 400 yuan/ton from the beginning of January; the 400-series 430 Taigang cold coil exceeded the 10,000 yuan mark, and the price was reported to 10,150 yuan/ton, an increase of 550 yuan/ton from the beginning of January Ton.
Yan Dandan said that under the influence of the Spring Festival holiday and the escalation of epidemic prevention and control, the market logistics and operating levels are expected to decline, but because the market is in a continuous tight situation, the market has limited negative constraints in the short term. With the delisting of downstream and terminal players, steel mills may accumulate a certain amount of inventory. However, under the support of raw material costs, the accumulation of inventory to a certain extent will not cause a significant profit trend in the stainless steel market. In the short-term, prices may run stably. "After the Spring Festival, driven by the recovery of demand and the reduction of resources, stainless steel prices may have some room to rise, and we still need to pay attention to the macroeconomic impact of market production and transportation." Yan Dandan analyzed.
Yan Dandan believes that the new year is approaching, and the trend of my country's stainless steel market: First, the raw materials continue to strengthen. Recently, stainless steel plants have not reduced production, so the demand for high chromium is strong, and Inner Mongolia’s “dual control power curtailment” policy continues to ferment, resulting in a shortage of high chromium resources and continuous price increases. At present, the mainstream ex-factory quotations have risen to 8,200-8400 yuan/50 basis tons, and some high-priced resources even reported 8,800 yuan/50 basis tons. "At the end of January, the four major steel mills successively announced the purchase price of high-carbon ferrochrome in February, TISCO 8000 yuan / 50 basis tons, Qingshan 8196 yuan / 50 basis tons, Baosteel Desheng 8200 yuan / 50 basis tons, Jiuquan 8150 yuan / 50 basis tons, the month-on-month price of December 2020 has increased by 2200 yuan/50 basis tons, so it is expected that the short-term high chromium price will remain stable and strong." Yan Dandan said.
Second, the market is still out of stock. Since December 2020, due to the strict control of shipments by steel mills and the impact of environmental protection and power curtailment policies, the arrival of goods in the market has been extremely slow, and the phenomenon of hard-to-find volumes of some popular specifications has continued to this day.
Third, the steel mills get together for maintenance. At the end of the year, due to the dual impact of environmental protection and the epidemic, steel mills' plans for maintenance and production reduction in February were successively introduced.
Fourth, demand gradually weakened. At present, only half a month is left before the Spring Festival. Downstream stocks are gradually ending, terminal demand and transactions have gradually weakened, and some logistics have gradually begun to stop. Most steel traders are in a state of semi-vacation, and market activity has declined significantly. There is no market for prices. “At present, with the escalation of epidemic prevention and control, the scope of later shutdowns may be expanded. In February, taking into account the Spring Festival factor, the market sales cycle will be shortened, and there will be uncertainties in the downstream start time affected by the epidemic. Therefore, the overall market is expected It is difficult for demand to return to normal levels." Yan Dandan said.
Article information source-China Industry News Network
