On August 11, the nickel price futures rebounded across the board, and the stainless steel market had an obvious tendency to stop falling and turn stable. The overall performance of stainless steel 201 material was stable, and the stainless steel narrow strip continued to be out of stock; Stainless steel 304 materials rose and fell by 50-100.
The last night, lunni closed up by more than $900. In the morning, Shanghai nickel rebounded up by more than 8000 yuan, and stainless steel futures rebounded up by more than 100 yuan.
In terms of waste materials, the inquiry price of 304 waste stainless steel from a large steel factory today is 11500 yuan, which is the same as the quotation in the past; The market price of ferromolybdenum increased by 2000; This week, the price of high chromium continued to drop. Today, the factory price of high carbon ferrochromium fell by another 100.
In terms of spot goods, stainless steel 201 still maintains a consistent stable trend. Due to the continuous decline of stainless steel 304 and the weak transaction, it is difficult to rebound at the bottom of the valley. Today, although there is a desire to stop the decline, there is no braking force, and there is still a small margin of profit. Of course, some steel factories have a small increase in the quotation of stainless steel 304.
