At the beginning of this year, ZAIHUI had a preliminary judgment on the price, that is, the overall supply of stainless steel this year exceeded the demand, and it was necessary to follow a downward price curve. Because the price has been rising every year last year, it once rose to the highest point since 2016. They judged that the year would start the year with a brief rise and then start to fall.
The reporter of “Daily Economic News” noted that this judgment is consistent with the prediction of some stainless steel futures industry analysts.
Shen Guangming and Li Suheng, researchers of the non-ferrous metals research team of CITIC Futures, said that the price of stainless steel was mainly range-bound in the early part of the second quarter, and will run weakly in the later period. On the other hand, we believe that the supply and demand will be in excess in the second quarter, and the stainless steel price will move downward as the follow-up cost support weakens.
“The reserves of nickel are very large, and there will be excess in the long run.” Mr. Zhang said that now the nickel futures and stainless steel futures markets are more like a news market, and it is easy to fluctuate due to some information and rumors. This instability is not conducive to judging the spot market, so now traders are very cautious in purchasing.
Of course, a variable that affects the market is still whether Qingshan can pass the test. The safety of Tsingshan will greatly affect the overall supply of the stainless steel market.
The reporter of the Daily Economic News noticed that although the 300 series grades have a higher nickel content, the price fluctuations of the nickel market will also affect the entire stainless steel market.
However, earlier, the reporter learned exclusively from relevant local iron and steel associations that relevant government departments in some provinces are collecting opinions from local iron and steel associations, including the impact of the nickel market on the iron and steel industry, how the iron and steel industry should respond, and the possible consequences of the next step. influence etc. The main contents of the proposals also include the main uses of nickel resources, involving industrial fields; global and national distribution of nickel resources, development of related industries, etc.
Post time: Apr-11-2022