Yesterday afternoon, the Foshan 304 stainless steel market successfully demonstrated “however you fall, you can rise back.” The market inquiries and orders are frequent, without the previous price chaos and low prices. The price difference between Wuxi and Foshan 304 for similar resources has also shrunk from the original maximum of over 400 yuan/ton to about 200 yuan/ton.
The same is true in the Wuxi market, with good transaction data. Previously, the board and rolls were severely upside down, and merchants were mainly selling rolls. Now the board prices are also high, and the roll prices are also reluctant to sell. They continue to increase today.
