Group 1: Market Overview - The stainless steel market is experiencing narrow fluctuations, with current prices remaining stable and trading atmosphere showing no significant improvement [2] - The macroeconomic environment has seen tariff delays largely digested, but future policy remains uncertain [2] - Nickel ore supply is tight due to rainy season impacts, affecting shipments from the Philippines and maintaining high domestic prices [2] Group 2: Supply and Production - Domestic stainless steel production is projected at 3.4899 million tons for May, a 0.4% decrease month-on-month but a 5.8% increase year-on-year [1] - The production of 300 series stainless steel is expected to be 1.776 million tons, down 2.6% month-on-month but up 7.5% year-on-year [1] - Some steel mills have reduced 300 series output while increasing 200 and 400 series production to alleviate losses, but the overall supply surplus remains unchanged [2] Group 3: Inventory and Pricing - Social inventory data shows a weekly decline, with a reduction of 30,800 tons in stainless steel inventory [2] - As of May 23, social inventory for 300 series in Wuxi and Foshan is 531,000 tons, down from the previous week [1] - Nickel iron prices are stable, with mainstream market quotes around 960-970 yuan per nickel, indicating pressure on domestic factory profits [2]
不锈钢：盘面延续窄幅震荡 成本支撑供需矛盾仍存
Jin Tou Wang·2025-05-23 02:09