According to SMM research, the main reason for stainless steel surge is the pressure from the supply side, Guangxi double control policy is strictly implemented, other regions production restriction policy is also in strict implementation, the expected goods are about to enter a high degree of scarcity. In addition, last Friday stainless steel turnover is better, the demand is beginning to be strong, consumers want to get enough goods before the price is further high.
Source: Flush Financial Research Center