In recent months, the price of stainless steel materials has continued to rise. The reason is that the price of stainless steel has also risen sharply because of the sharp rise in nickel.
On the supply side, due to the impact of the epidemic, spot transactions and transportation have been delayed. In the context of the severe epidemic and the high uncertainty in the current market, the overall spot market transaction is weak. In terms of ferronickel, the high smelting cost of nickel ore has strengthened the support for the price of ferronickel. The large difference in the psychological acceptance price between upstream and downstream has resulted in almost no transactions in the intraday market. On the demand side, the current economics of nickel bean autolysis is still the price difference, and the expectation of nickel sulfate production reduction in April still exists, so the purchasing mentality is not strong. In terms of stainless steel, the current operating rate of stainless steel manufacturers is lower than expected, and the market transaction is weak.
The price of raw materials is unstable, all quotation list cann’t guarantee the valid time to our esteemed customer,too. Currently we just keep eye on the raw material cost.
Post time: Mar-30-2022