SunSirs: Stainless Steel Prices Stabilized and Strengthened on the 30th

　　According to the price monitoring of SunSirs, the price of stainless steel has rebounded slightly recently, and the spot price on the 30th was reported at 17,466.67 RMB/ton.

　　Analysis review

　　Since the beginning of December, there have been constant news of stainless steel mills’ production cuts. Some steel mills have cut production due to poor production profits or insufficient orders to maintain prices, and stainless steel prices have rebounded.

　　Recently, stainless steel inventories have also continued to decline. Stainless steel output is expected to decrease by 500,000-560,000 tons in January, and 340,000-380,000 thousand tons in February.

　　Market outlook

　　With the preparation before the new year and the reduction of steel production, the inventory continues to decline. It is expected that the price of stainless steel will be stable and strong in the short term.