Stainless steel market conversion too fast! 304 The maximum price drop is 500 yuan

Last week, the spot price in Wuxi market was stable first and then fell. The spot price started to be flat and fell back slightly. The futures price fell sharply in the middle of the week. Some traders who held the early low price spot resources had to rush to release the pressure of shipment at a low price. However, the downstream demand was basically in a calm state, and the funds were withdrawn at the end of the month. As a result, the spot resources went out of the warehouse and the price kept falling.

Today, the price of TISCO 300 series stainless steel is reduced by 100 yuan/ton, Dongte 304/304L stainless steel is reduced by 200 yuan/ton, 316L/31603 stainless steel is reduced by 100 yuan/ton, and Zhangpu is flat today.