不锈钢周评：钢厂放开限价 市场成交遇冷

Core Viewpoint - The stainless steel market is experiencing a downward adjustment, with prices declining and a cautious market sentiment prevailing [1][4]. Price Trends - As of November 6, the price of Tai Steel 304 cold rolled sheet in Wuxi is between 13,450-13,550 CNY/ton, down 200 CNY/ton from the previous week, a decrease of 1.46%, and down 5.92% year-on-year [1][2]. - The average price of Tai Steel 304 cold rolled sheet this week is 13,620 CNY/ton, down 70 CNY/ton from the previous week, a decline of 0.51% [1][2]. - The price of Hongwang 304 cold rolled sheet 2mm in Wuxi is between 12,700-12,800 CNY/ton, also down 200 CNY/ton from the previous week, a decrease of 1.54%, and down 6.59% year-on-year [1][2]. Market Drivers - The stainless steel futures market is primarily experiencing a downward trend, with macroeconomic sentiment being cautious, leading to significant pressure on both raw material and finished product prices [4][6]. - Social inventory levels have slightly increased due to demand falling short of expectations, and market participants are adopting a risk-averse stance, leading to some price increases in 201 products [4][6]. Market Outlook - The short-term market supply and demand situation remains unsatisfactory, with transaction volumes struggling to break through effectively [5][6]. - The expectation of reduced production in November is mainly concentrated in the 200 series, while the 300 and 400 series markets have limited reduction expectations, indicating ongoing supply-demand conflicts [5][6]. - Cost support is gradually becoming more evident, limiting further price declines in finished products, with the market likely to stabilize and await a rebound [5][6].