Group 1 - The main contract for stainless steel futures closed at 12,550 CNY/ton, with a weekly decline of 1.18% and an increase in open interest by 117,484 contracts compared to the previous week [1] - In May 2025, domestic crude steel production from 43 stainless steel plants was 3.4629 million tons, with June production planned at 3.3623 million tons, reflecting a month-on-month decrease of 2.91% but a year-on-year increase of 2.24% [2] - The production of 200 series stainless steel decreased by 0.29% month-on-month and 5.09% year-on-year, while the 300 series increased by 0.36% month-on-month and 8.35% year-on-year [2] Group 2 - The Indonesian government's PNBP policy has increased nickel resource supply costs, while the Philippines plans to implement a nickel ore export ban starting June 2025, leading to increased raw material disruptions [3] - Despite production cuts in the 300 series stainless steel due to cost pressures, overall supply remains at historically high levels, indicating persistent supply pressure [3] - The market is entering a traditional consumption off-season, with increased macroeconomic uncertainty and cautious attitudes from downstream buyers towards high-priced goods [3]
库存端表现不佳 不锈钢或延续小幅震荡走势
Jin Tou Wang·2025-06-16 00:08