Price Trends - The price of Delong 304 cold-rolled sheets in Foshan is reported at 12,550 CNY/ton, unchanged from the previous day, while Hongwang 304 cold-rolled sheets in Wuxi are at 12,700 CNY/ton, also unchanged [1] - The base price in Foshan is -15 (+50), and in Wuxi, it is 135 (+50) [1] - Hongwang 201 is priced at 8,850 CNY/ton in Foshan, remaining stable, while Hongwang Zhaotui 430 is at 7,750 CNY/ton, also unchanged [1] Market Overview - On November 19, the national stainless steel plate prices show various rates, with Hongwang 304/2B cold-rolled sheets priced at 11,650 CNY/ton in Jiangsu Province [2] - The futures market for stainless steel closed at 12,335 CNY/ton, with a slight decline of 0.20%, and trading volume reached 88,679 contracts [2] Supply and Demand Dynamics - As of November 17, the Shanghai Futures Exchange reported a decrease in stainless steel warehouse receipts to 69,289 tons, down by 1,076 tons from the previous trading day [3] - In October 2025, South Korea's stainless steel imports were approximately 56,200 tons, down 23.8% month-on-month and 15.6% year-on-year, while exports were about 96,700 tons, down 11.2% month-on-month and 13.9% year-on-year [3] Industry Analysis - The Indonesian Ministry of Energy and Mineral Resources plans to reduce the nickel ore quota for 2026, which is expected to be below the original plan of 319 million tons, but the market's reaction is limited due to unclear reduction levels [4] - The current weak market for stainless steel has led steel mills to maintain low-price procurement, resulting in a gradual decline in raw material prices, with nickel-iron prices dropping to 900-905 CNY/nickel [4] - The overall supply of stainless steel lacks significant production cut drivers, while terminal demand shows no effective increase, leading to a pessimistic sentiment in the spot market [4]
社会库存积累 不锈钢价格或延续震荡寻底
Jin Tou Wang·2025-11-19 08:35