304 continues to weaken, market transactions are not good
:  : Aug 07,2021

Today's mainstream steel mills opened flat and the prices were obvious. In the morning, Wuxi spot market prices have made up for declines, with a range of about 200 yuan/ton, and the 304 private cold-rolled four-foot gross base quoted at 19,200 yuan/ton. The price of five-foot hot-rolled rolling is the same as yesterday, and the mainstream private quotation is at 19,100 yuan/ton.

According to market feedback, downstream inquiries are not active and demand has slowed down. Traders say that transactions are poor and the lack of spot resources is still the main price support point at present. In the short term, attention should still be paid to the impact of raw material shortages, electricity curtailment, and production restrictions on stainless steel.