On August 18, the stainless steel futures plunged sharply, and the market sentiment was impacted again. The stainless steel market was stable in the decline. The overall performance of 201 stainless steel was stable, and the shortage of stainless steel narrow band was still not alleviated.
Today’s futures show cliff diving, but this is not unexpected. Yesterday afternoon, there was an omen.
How can the spot be immune from the violent decline of futures? 201 stainless steel is also supported by the reduction of production by the steel plant, and the shortage of goods can not be effectively alleviated in a short time. At least, the price can be stabilized. There are too many orders received in advance, and the market is waiting for delivery.
Even if some steel mills resume production, newly start rolling, or there are new arrivals in the market, which can solve the urgent problem, only some of them make small profits to promote the transaction, and the delivery situation is still unknown. In general, stainless steel 201 can still feel a little relieved, and the problem of maintaining stability is not big. They are all waiting for the expected price adjustment of stainless steel wide plate resources.
In a comprehensive consideration, the market of stainless steel 201 is expected to remain relatively good, and the absolute demand for stainless steel may not explode. The demand for steel will only improve, and it is difficult to get worse. The inventory reduction in the middle and lower reaches due to the panic in the early stage is too extreme, and appropriate replenishment is required at any time.
The futures and spot of stainless steel 304 share the same fate. The futures plummeted, and the spot is doomed. The wide stainless steel plate continues to be under pressure, and the narrow stainless steel strip is still out of stock!
