The price of main stainless steel markets dropped by about 500 yuan in November. According to the monitoring data of Lange Iron and Steel's cloud business platform, as of the time of press release, the stainless steel coils (304/2B/2.0mm * 1219mm * C) in major cities had reported 17400 yuan (ton price, the same below). Among them, the 304/2B/2.0mm coils in the main markets, the 1219mm wide edge cutting materials produced by TISCO Tianguan Steel Co., Ltd. were 17250 yuan, and the 1219mm wide edge cutting materials produced by Zhangpu and Qingpu were 17550 yuan.
In November, the prices of major stainless steel markets fell in shock, with a cumulative decrease of about 500 yuan. This month, the output of the steel mill increased, the demand was weak, and the market had accumulated stocks. The traders were forced by the pressure of shipment, and the prices fell. The price of stainless steel can still be supported by the firm price of raw materials in the early stage, but at present, the nickel price is loose, the support of stainless steel cost is weakened, and the demand enters the slack season, the enthusiasm of downstream procurement is weakened, which is not optimistic. It is expected that the downward trend of stainless steel price in December will be difficult to change.
Stainless steel inventory statistics
On November 3, 2022, the total social inventory of stainless steel in the national mainstream market will be 664800 tons, a decrease of 0.46% on a weekly basis and a year-on-year increase of 5.51%. Among them, the total inventory of cold rolled stainless steel was 322200 tons, down 2.54% on a weekly basis and 15.22% on a year-on-year basis; the total inventory of hot rolled stainless steel was 342500 tons, up 1.57% on a weekly basis and 37.04% on a year-on-year basis.
On November 10, 2022, the total social inventory of stainless steel in the national mainstream market will be 6500200 tons, a decrease of 2.19% on a weekly basis and a year-on-year increase of 3.34%. Among them, the total inventory of cold rolled stainless steel was 317900 tons, down 1.36% on a weekly basis and 16.78% on a year-on-year basis; the total inventory of hot rolled stainless steel was 332300 tons, down 2.98% on a weekly basis and up 34.41% on a year-on-year basis.
On November 17, 2022, the total social inventory of stainless steel in the national mainstream market will be 671800 tons, up 3.33% on a weekly basis and 2.39% on a year-on-year basis. Among them, the total inventory of cold rolled stainless steel was 341200 tons, up 7.34% on a weekly basis and down 17.36% year on year basis; the total inventory of hot rolled stainless steel was 330600 tons, down 0.51% on a weekly basis and up 35.90% year on year basis.
On November 24, 2022, the total social inventory of stainless steel in the national mainstream market will be 653200 tons, a decrease of 2.77% on a weekly basis and 8.63% on a year-on-year basis. Among them, the total inventory of cold rolled stainless steel is 325500 tons, down 4.59% on a weekly basis and 25.21% on a year-on-year basis; the total inventory of hot rolled stainless steel is 327700 tons, down 0.89% on a weekly basis and up 17.16% on a year-on-year basis.
