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The situation of limited production expands after the holiday, the price of stainless steel has risen by more than 1,000 yuan

Sep. 23, 2021

The situation of limited production expands after the holiday, the price of stainless steel has risen by more than 1,000 yuan

According to the price monitoring of the business agency, on the 22nd, the current price of stainless steel has risen sharply. The current price is 22,040 yuan/ton, an increase of about 1,600 yuan/ton, a sharp increase of 8%. After the holiday, 304 cold rolling mills rose, Zhangpu 23,000 yuan / ton Qibian, Taiyuan Iron and Steel reported around 22,700 yuan / ton, Jiuquan steel market mainstream price was 22,700 yuan / ton, Lianzhong spot transaction price 21700-22000 near the base price for shipments . Before the holiday, the price of stainless steel in futures soared due to limited production and electricity. At that time, the spot stainless steel had an afterthought and did not rise much. After the holiday, due to limited production and shortage of stainless steel, major stainless steel prices increased sharply. Qingshan October futures opened, Hongwang and Yongjin 304 rose by 2500 yuan/ton, Wuxi Delong 304 cold-rolled rose by 1,600 yuan/ton, Zhangpu Up 400-1000 yuan/ton! Dongte up 100 yuan/ton! Merchants also have to follow up. Due to the impact of short-term production restrictions and power cuts, stainless steel is expected to remain strong in the short-term.

 

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