Yesterday, stainless steel prices shook the weak run, on the one hand, by the Philippines to liberalize the potential impact of new mines, in addition, stainless steel and the potential impact of export tax rebate policy suppression, stainless steel trend is weak. From the raw material side, NPI prices stabilized, ferrochrome prices have fallen, the center of gravity of stainless steel costs have moved down.
Supply and demand, April row production is still high, but the current consumption season, inventory benign de-emphasis, there is a certain support for the price, steel prices fell sharply under the stainless steel profits are meager, stainless steel is expected to be limited downside space, due to the uncertainty of the delivery specifications, the strategy to maintain a light position on the low test more far-month contract.
Source: Flush Financial Research Center