On Friday, futures rebounded again after the shock, the overall solid performance of the spot, some prices were slightly loosened, the performance of the 201 grinding bottom was negotiable, and the 304 rose range was individually profitable. Stainless steel water pipe|double clamp pipe fittings|304 stainless steel water pipe brand|Foshan Yongsui Stainless Steel Co., Ltd
In terms of nickel price futures: London nickel rebounded and rose by more than $100 in the afternoon, and Shanghai nickel maintained a maximum decline of more than 3,000 yuan; Stainless steel futures maintained a rebound performance, and the main force returned to the 14100 mark.
In terms of waste raw materials: the purchase price of 201 waste materials was stable, and the purchase price of some 304 waste materials fell by 50 yuan; The prices of high-nickel ferronickel and high-carbon ferrochrome were stable, and the market price of ferro-molybdenum fell by 2,000 yuan.
In terms of market quotations: the quotation of 201 materials is generally stable, and some transactions are slightly discounted; Part of the 304 materials discount 30 yuan, 50 yuan; The quotation of 316L material is stable; The quotation of some 400 series materials fell by 50~100 yuan.
In terms of steel mill prices: all resources of TISCO and Zhangpu are flat; Dongte 304 and 316L hot-rolled flat discs.
Comprehensive performance: futures after the rise into ups and downs, fortunately the current has been quickly adjusted back to the high, although the spot has waves but the impact is very limited, the overall price is still at a high level, of course, there are some choose to switch flexible mode, stainless steel prices at least to stabilize the bottom.
Futures are frequently switched, the spot rises and falls, the market changes the direction of the wind at any time, the market has been strange, and it is the trader's mentality that has been tested.
Weekly inventory: this week's market performance is relatively strong, the overall upward trend, is the end of the month and the beginning of the month alternately, the market wanted to smoothly transition silently to the performance, but the sudden outbreak of futures has set off a wave of price increases, the steel mill level has maintained a price position, virtually for the material to provide a boost, even if the futures fluctuate in the later period, the spot is only harmless small ups and downs.
This week, the cumulative part of the 201 narrow band quotation fell by 50 yuan, the price of the wide plate was stable without fluctuation, the 304 quotation rose by 50~100 yuan, and the quotation of some 316L rose by 50~100 yuan.