Week 2 Review and Outlook of China's Stainless Steel Market in 2024 (Jan 8-15): Price Fluctuations, Market in Wait-and-See Mode 2024-01-15
This week, the Chinese stainless steel market saw a slight increase in spot prices, though not as pronounced as in the futures market. As the year-end approaches, downstream demand remains moderate, leading to a slight increase in social inventory. The market anticipates significant pressure from upcoming deliveries, maintaining a cautious outlook on demand release and steel mill production planning. Short-term price volatility is expected.