Core Insights - The stainless steel market is experiencing stable prices with slight fluctuations in production and inventory levels, indicating a cautious approach from traders [1][2][3] Supply - In September, the crude steel output from 43 domestic stainless steel plants reached 3.4267 million tons, an increase of 111,000 tons month-on-month, representing a growth of 3.35% [2] - The production for October is projected at 3.4472 million tons, reflecting a month-on-month increase of 0.6% and a year-on-year increase of 4.75% [2] Inventory - Social inventory has seen a slight reduction, but the pace remains slow; as of October 24, the social inventory of 300 series stainless steel in Wuxi and Foshan was 495,000 tons, down by 6,900 tons week-on-week [2] - As of October 28, stainless steel futures inventory stood at 73,896 tons, a decrease of 723 tons week-on-week [2] Market Dynamics - The stainless steel market is characterized by a weak atmosphere, with nickel prices remaining firm while nickel pig iron prices are under pressure due to increasing losses in domestic and Indonesian steel mills [3] - The chromium market is also experiencing weakness, influenced by the low demand for stainless steel and increased supply pressure [3] - Overall, the macroeconomic sentiment shows improvement, but demand from downstream sectors remains insufficient, leading to potential increases in supply pressure for steel mills [3]
不锈钢：盘面震荡小幅上涨 成本支撑基本面仍偏弱
Jin Tou Wang·2025-10-30 02:16