The price of 316L stainless steel plate will continue to rise

Merchants temporarily stabilize their quotations and wait and see market development. In terms of resources, the overall domestic market has fewer spot resources, and the local market is no exception. Steel mills are not able to supply timely, and resources may still be in short supply in the short term, which will still support market prices. Compared with the surrounding markets, the market is roughly the same, and both are in a pattern of weak supply and demand. At present, the market is still holding a wait-and-see attitude, and there will be no major adjustments in procurement in the short term. Although the current market demand is relatively small, the relatively small supply of resources may still support price increases. Based on current market analysis, it is expected that the market price of thin-walled square tubes may continue to strengthen in the short term.

Today, domestic hot-rolled coil prices have generally risen. As the market opened today, prices in the domestic hot-rolled coil market have generally risen, and there is still a possibility that they will continue to rise. In terms of resources, the current domestic market has fewer spot resources, and most regions have incomplete specifications, and resources are in short supply in some regions. However, steel mills are currently still in a state of limited production. In the short term, market resources may be difficult to supplement. The shortage of resources may continue to play a role in rising market prices. As far as the current market is concerned, despite the shortage of market resources, the transactions in the 316L stainless steel plate market are still deserted, and most local businesses report that there is less market demand.

 If resources increase in the later period, or have an impact on market prices, this may be the main factor causing the terminal to wait and see. In terms of market mentality, although the merchants hope that a few can continue to maintain their upward momentum, they are also worried that the increase will be too large, beyond the acceptance range of the terminal, and some merchants may gradually stabilize their quotations in the later period. In terms of capital, due to the downturn in the market, merchants have adopted low-level inventory operations, and the capital aspect will not have a major impact on market prices for the time being. In terms of futures, the hot-rolled coil futures price has risen continuously recently. So far, it has risen to 2,426 yuan, an increase of 36 yuan. Judging from the current increase in hot-rolled coil futures prices, the futures prices will continue to rise in the short term, or will continue to drive the spot market prices to continue to rise. Based on current market analysis, the market price of 316L stainless steel plate is expected to continue to strengthen in the short term.