SunSirs: Stainless Steel Prices Rose Slightly on the 17th

　　According to the price monitoring of SunSirs, the price of stainless steel was flat on the 17th, and the spot price was 17,515 RMB/ton. The price was unchanged from the previous day, up 9.03% year-on-year.

　　Analysis review

　　In terms of installations, the 1.35 million-ton steelmaking project of Delong Xiangshui Phase II is expected to be officially delayed. It is said that due to special reasons, the steel has been tested for a while, but the public and auxiliary facilities are not completely good, and it may be postponed to the second quarter, depending on the raw materials and the progress of the project. Dainan Zhongtuo’s annual production capacity of 410,000 tons of project equipment has been completed, and trial production has been started in early February. At present, it is still making ordinary carbon steel, and it will be converted to stainless steel in the later stage.

　　In terms of demand, real estate completion and export demand are expected to be strong. Steel mills have good orders in February. After the holiday, there is a demand for restocking downstream. However, the logistics has not fully recovered after the holiday, and the pace of arrival is less than expected.

　　Market outlook

　　It is expected that the market price of stainless steel will still run at a high level.