跌停潮突袭！不锈钢单日血洗7%，钢厂挺价能否扛住？

Group 1: Market Trends - Gold and other non-ferrous metals experienced significant declines, with main futures contracts hitting their daily limit down, including stainless steel at 13,420 CNY/ton (-7.03%), gold at 1,005 CNY/gram (-16%), and nickel at 129,650 CNY/ton (-11%) [1] - The stainless steel market has shown a one-sided downward trend, with the main contract breaking below the 13,500 CNY mark, erasing all gains from late January [1] - Total positions in the market decreased by 18,490 contracts, indicating a significant reduction in long positions as panic selling intensified [1] Group 2: Macroeconomic Factors - The nomination of Kevin Warsh as the next Federal Reserve Chair by President Trump has raised hawkish expectations, contributing to a record drop in international precious metal prices [3] - Current probabilities for Federal Reserve interest rate changes indicate a 15.3% chance of a 25 basis point cut by March and a 49.5% chance of a cumulative 25 basis point cut by June [3] Group 3: Steel Prices and Production - Major steel producers like Qingshan Group and Delong have maintained stable prices for 304 cold-rolled steel, with prices around 14,550 CNY/ton [4] - Recent surveys indicate that steel plant maintenance and production cuts have affected output by approximately 630,000 tons, with the 300 series being the most impacted [5] - Despite the downward pressure on futures prices, the physical market remains resilient due to production cuts and high costs, suggesting potential for a rebound if macroeconomic conditions stabilize [5]