The spot price of aisi 304 stainless steel sheet in the market this week varied depending on the series. Of these, 201 maintained stable performance, 304 first grew and then declined, and 430 continued to maintain stable performance. As of this Friday, the main reference price of stainless steel 304 aisi 304 private cold-rolled four-foot sheet was 14,600 yuan per ton, down 100 yuan per ton from last week, and the private hot-rolled steel price amounted to 14,600 yuan per ton. The price was reported to be 14,250 yuan/ton, down 150 yuan/ton from last week's quote.
Based on this week's results, the average price of 304 weeks fell by 140 yuan/ton to 14,820 yuan/ton, the average price of 430 weeks fell by 10 yuan/ton to 8,490 yuan/ton, and the average price of 201 weeks fell. by 120 yuan/ton to 8330 yuan/ton.
From a market perspective, the market price of AISI 304 stainless steel has been weak this week. Down 100 yuan/ton from last week, the private hot-rolled steel price was 14,250 yuan/ton, down 150 yuan/ton from last week's quotation. Spot prices initially rose and then fell during the week. At the beginning of the week, market transaction indicators were acceptable. Prices fluctuated and weakened midweek. Some traders have reduced prices for supplies. However, market purchasing performance has been cautious, with the focus on purchasing with tight demand.
In terms of value, the price of high-grade nickel pig iron has decreased slightly this week. Today's main market quotation is 1125 yuan/nickel, which is 10 yuan/nickel lower than last week's price. The current quotation is weakly stable. at the level of 8800-8900 yuan/50 basis tons, which corresponds to last week’s quote.
In terms of inventories, 300 Series inventories in the post-holiday market fell by 19,000 tons to 478,000 tons, with both cold and hot rolling resources being significantly depleted. During this inventory cycle, futures and spot prices stopped falling and recovered. Warehouse receipt shipments have slowed, but spot transactions have improved significantly. On some business days, market transaction rates were hot. Traders and subsequent buyers were actively picking up goods and shipping goods. from the warehouse, which leads to a reduction in inventory. According to statistics, from October to November, many steel mills successively announced maintenance and production reduction plans, which are expected to affect the output of 300 series 304 steel pipe by 260,000 tons. Market stocks continue to decline.
