Today's futures fell obviously, the spot performance of the market is relatively convergent, nickel prices either rose or fell, futures are unable to pull up the whole line to show weakness, part 201 down 50 yuan, part 304 down 50 ~ 100 yuan.
The recent stainless steel price is like today's rain in Guangdong, sparse pulling the next non-stop, but the rain is not too big, difficult to rise, difficult to fall and difficult to trade, it is really torturous! Stainless steel water pipe|double clamp pipe fittings|304 stainless steel water pipe brand|Foshan Yongsui Stainless Steel Co., Ltd
Nickel price futures: London nickel temporarily fell more than $100; Shanghai nickel fell by more than 4,000 yuan across the board; Stainless steel futures fell slightly.
In terms of waste raw materials: the purchase price of 201 scrap is stable; The purchase price of 304 scrap decreased by 50~100 yuan; The prices of ferronickel, ferrochrome and ferromolybdenum remained stable.
In terms of steel mill prices: TISCO 321 hot and cold rolling and 304 hot rolling fell 50; Resources such as Zhangpu and Dongte continued to flatten.
In terms of market quotations: the quotation of some 201 materials fell by 50 yuan; The quotation of some 304 materials fell by 50-100 yuan; Some 316L materials fell by 50~100 yuan; Quotations for 400 series materials continued to remain stable.
Comprehensive performance: this afternoon nickel price futures fell across the board, the front end of the plate was surrounded by a green, to a certain extent on the market sentiment has hit, in the case of continued sluggish trading, the spot market slowly a little unbearable, steel mills to collect goods are also under simultaneous pressure, some steel mill agents began to take the initiative to adjust prices, today began to show a significant decline.
Yesterday individual steel mills limit prices, if they can really stabilize there is no need to take the initiative to limit prices, in the case of continued sluggish downstream demand, in the case of exporting India is temporarily uncertain when a large number of orders can be shipped, market pressure is increasing, although it is not sure whether steel mills will take the initiative to adjust prices, but the former futures source also has to be digested, some steel mill agents and traders in the case of being urged by steel mills to pick up goods, it is inevitable to actively adjust prices!
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