Since the morning, the Chinese stainless steel market has been working on the news that the price of 201 stainless steel will be reduced. Many market sources believe that the price of 201 stainless steel is about to fall, but so far, the actual transaction price of 201 stainless steel has not fallen. Why?
According to the latest quotation, 201 cold-rolled stainless steel coil, width: 1300mm, price: 1311.57 usd/ton, 201 (J2) stainless steel, and 201 (J5) price: 1265.28 usd/ton.
Market analysts believe that the main reason why market prices have not fallen is that 201 stainless steel is still out of stock. In fact, 201 stainless steel has been out of stock since October 2020.
Although the price of 201 stainless steel has not dropped, the expected price will decrease, leading to a decrease in stainless steel transactions in the Chinese market today. Most traders are waiting for a price cut.