Today's market is turbulent! Stainless steel market analysis outlook

On September 22, 2023, the stainless steel pipe market analysis report:

Today's stainless steel market is on a downward trend, with a decline of 10-20 yuan/ton, and the spot resource price is 17,500-18,500 yuan/ton. Judging from the stainless steel futures market, the LME stainless steel spot market price is 24,000-25,000 yuan/ton.

From the perspective of cost and profit, the profit of ferronickel production of 304 stainless steel pipe is about 1775 yuan/ton, the profit is good, and it is expected that the stainless steel inventory can be alleviated in the near future. From the perspective of stainless steel production cost, the production cost of 304 stainless steel capillary tube is about 8500-9500 yuan/ton, the production cost of 304 stainless steel bright tube is about 9500-10500 yuan/ton, and the production cost of 304 stainless steel pipe is about 17500-18500 yuan/ton.

On the whole, the market price of stainless steel capillary is relatively stable, but the market price of stainless steel in Wuxi is showing a downward trend, and it is expected that the price of stainless steel will fluctuate and fall in the near future. Therefore, it is recommended that stainless steel production enterprises control output to alleviate the pressure on market inventory. The market demand is average, the procurement is cautious, and the market trading atmosphere is weak. The cost support is weakened, and the mentality of merchants is bearish. On the whole, it is expected that the stainless steel pipe market will continue to remain stable tomorrow, and the price may fall slightly. Investors are advised to pay attention to market dynamics and operate cautiously.