Supported by steel production costs, stainless steel prices will strengthen next month

The weak adjustment of prices in major stainless steel markets in August has been raised by about 1,000 yuan. According to statistics from the Information Research Center of Lange Iron and Steel Network, as of July 31, stainless steel coils (304/2B/2.0mm*1219mm*C) in major cities reported 15,200 yuan (ton price, the same below. Among them, the main market 304/2B/ 2.0mm coil, TISCO Tianguan produces 1219mm cut sapwood for 15,100 yuan, Zhangpu and Qingpu produce 1219mm wide cut sapwood for 15,400 yuan.

In August, the main stainless steel market was affected by futures and costs, and the price rose sharply, with a cumulative increase of about 1,000 yuan. The market was once reluctant to sell, and the transaction was generally satisfactory. Driven by the surge in stainless steel futures, the market has been hoarding, and prices have been rising all the way. In terms of cost, raw materials are in short supply, and costs have risen sharply, led by steel mills, followed by spot goods. For the September market, rising raw materials and cost support are the driving force for price increases next month. The prices of major stainless steel markets strengthened in September.