AISI 300 series stainless steel stocks in Chinese market start to decline
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Update time : 2023-03-02 17:17:18
After the Lunar New Year holiday, AISI 300 series stainless stocks fell for the first time recently. Although the decline was not large, it meant that the overall digestion of downstream stocks continued, and actual demand was also expected to pick up.
At present, the futures price of stainless steel in the Chinese market rose first and then dropped, and the trading volume gradually recovered. The market has a strong bullish sentiment. In addition, the AISI 430 cold-rolled coil orders received by local mills were acceptable, and downstream manufacturers have also begun to purchase.
However, buyers are still conservative at this moment and replenish in the form of small and frequent purchases, so the transaction atmosphere is not sluggish.
