After the festival, the total social inventory of stainless steel in the national mainstream market was 909700 tons, with a weekly increase of 5.34% and a year-on-year increase of 4.57%. After the May Day holiday, the spot market price stabilized and strengthened, and some of the downstream just needed to replenish the stock demand. The overall transaction of the market warmed up slightly. However, the futures disk weakened the next day, the spot followed the decline, the merchants offered profits to ship, and the market shipping sentiment was affected. With the new round of price of Qingshan, 300 series stainless steel rose by 100-300 yuan / ton, and the price of Delong steel plant was strong, and the price in the spot market rose slightly. The steel plant’s price rise is undoubtedly a booster to the market, but the obvious effect is not strong. Although the spot price has increased, the transaction still needs to make profits.
At present, the social inventory is at a high level, the demand for stainless steel is uncertain, the inventory is waiting for the market to digest, and the steel factory issues policies to stimulate market transactions. According to the market feedback, on the 9th, Delong steel plant issued a new offer price of 20200, accompanied by the agent rebate policy of 100, so as to stimulate businesses to actively place orders and pick up goods. It is worth noting that the offer price of 20200 has continued since late March, and preferential policies appeared for the first time on the 9th. It can be seen that the willingness of steel mills to support the price has been loosened and the shipment mentality is positive.