News summary
Stainless steel inventories in mainstream markets across the country drop 3.3 per weekhouseoffunfreespins2021.71%houseoffunfreespins2021, the total amount was 1.0686 million tons; cold and hot rolling decreased by 0.35% and 9.25% respectively. Inventory digestion of 400 lines is better than that of 200 and 300 lines. There are few goods in the market, and the downstream stocking mood is flat, and the focus is just demand.
Newsletter text
[National stainless steel inventories fell slightly] The latest data shows that the total social inventory of stainless steel 89 warehouses in the national mainstream market dropped to 1.0686 million tons, a decrease of 3.71% from the previous week.
According to Mysteel's statistics, stainless steel cold rolling and hot rolling inventories have declined to varying degrees. Among them, the total inventory of cold-rolled stainless steel was 688,500 tons, a decrease of 0.35% month-on-month, while the total inventory of hot-rolled stainless steel was 380,200 tons, a decrease of 9.25% month-on-month.
In the downward trend of inventory, the consumption rate of 400 series stainless steel resources exceeds that of 200 series and 300 series. In addition, the market arrival volume is limited, and the sentiment of downstream users has cooled down. The overall digestion is mainly based on actual demand.
