201 stainless steel price on January 27
On January 26, 2021, Bao Steel announced that the average price of 201 cold-rolled stainless steel strip is 1300.32 USD/ton. As a result, some traders in the market today make the 201 stainless steel price increase to 1284.84 USD/ton. The prices given by most of the remaining traders are still flat. According to market feedback, the sales of 201 cold-rolled stainless steel strip have been declining recently, and the atmosphere is sluggish. Now, let us focus on 201 stainless steel price on January 27.
According to the inquiry this morning, the base price of mainstream four-foot rough edges in the 201 cold rolling market is around 1331.28 USD/ton. Also, the mainstream basic price of J2 and J5 is around 1277.1 USD/ton, and the price of five-foot hot rolled is around 1300.32 USD/ton.
What the officer said is…
In fact, not only the price of 201 stainless steel price increases, but the rise and fall of other grades are also based on supply and demand. First, the Chinese New Year approaching, the epidemic also affected the price of stainless steel strips. At a press conference held by the State Council Information Office today, a reporter asked: “The recent epidemics in Hebei, Northeast and other places and the epidemic prevention measures introduced in many places have had much impact on the current industrial production? During the Spring Festival this year, we advocate local Chinese New Year. What is the expected impact on the industrial economy from January to February?”
Tian Yulong, chief engineer and spokesperson of the Ministry of Industry and Information Technology, replied: The Party Central Committee and the State Council attach great importance to the development of small and medium-sized enterprises. Especially since the outbreak of the epidemic, the state and local governments have issued a series of favorable enterprise policies, which have helped promote the stable development of small and medium-sized enterprises. To a positive effect. Since the second quarter of 2020, the economic performance of small and medium-sized enterprises has been steadily improving, production indicators and benefits have gradually improved, and corporate confidence has been restored. According to statistics from the Bureau of Statistics, from January to November 2020, the total profits of small and medium-sized enterprises above designated size nationwide increased by 6.9% year-on-year, a cumulative positive increase for four consecutive months.
You need to NOTICE
201 stainless steel price on January 27 is showing an upward trend, and this trend is likely to continue. You need to pay attention. Probably, before the Spring Festival, there is a wave of 201 stainless steel price increase.