Expectations in the steel market weakened, stainless steel futures prices fell sharply

Taigang's overhaul was completed in September, and some steel mills reduced the production of plain carbon steel and increased stainless steel production. Stainless steel production will continue to rise. According to our preliminary forecast, the output in September is expected to continue to increase by 81,000 tons to 2.742 million tons. An increase of 3%, another record high. On the demand side, the market generally reported that the transaction performance in September was not as good as that in August. In the later period, the market inventory pressure was relatively high, and there would be a risk of inventory accumulation.

Therefore, there has been a significant drop in the disk recently. As of today’s noon close, the stainless steel futures index plummeted 374 yuan. After the price fell below the 14,830 intensive support area, funds formed a concentrated killing mood in the short term. Today’s holdings decreased by 1,199 to 65,411, which made a profit. Pan is still fleeing.