On the 24 day, the spot price of the 304 stainless steel market was stable, while some businesses rose slightly, but the overall turnover was weaker than in the previous few days. Recently, steel mills continue to raise 304 stainless steel plate price, what's more with the futures plate price strengthening, market confidence has recovered, downstream replenishment enthusiasm improved, but the market as a whole is still cautious. Recently, the focus of transaction price of high nickel iron in the domestic market has shifted downward, mainly Indonesian nickel iron, and the cost of 304 stainless steel has been loosened. However, domestic nickel iron plants have strong willingness to support the price, and there is limited room for nickel iron price to continue to decline in the short term. In recent years, the price of scrap stainless steel has continued to rise, some areas are short of resources, and the price performance is strong. However, after the price center of high nickel iron moves down, the economy of scrap stainless steel and high nickel iron is equivalent, and the short-term upward space is restricted. According to Mysteel data, the inventory of 300 series stainless steel (New caliber) continued to decline by 33100 tons to 449100 tons last week, with a decrease of 6.86%. The decline of cold rolling is still greater than that of hot rolling, and the actual demand of downstream is still appreciable.