It is expected that the price of 316L stainless steel coils in the short term will continue to fluctuate and remain in a weak trend.

The weakness in upstream raw materials has spread from 316L stainless steel coils to continuous casting products, and the cost support has continued to weaken. The rainy season in the south has inhibited the progress of terminal construction, and the procurement pace of municipal projects and infrastructure projects has been slow. The transactions have mainly been sporadic and small orders based on urgent needs. It is expected that the price of 316L stainless steel coils will continue to run steadily but slightly weak in the near future. The futures continue to fluctuate and decline, and the spot prices have mostly slightly decreased. It is expected that the price of 316L stainless steel coils will continue to adjust in a narrow range with a slight decline in the short term.

Market Outlook

Overall, the core contradiction currently faced by the 316L stainless steel coil market is the mutual restraint between weak demand and high costs. The data of 316L stainless steel coils shows a decrease in production, an increase in inventory, and a decline in actual demand, deepening the characteristics of the off-season; the continuous rainy season in the south has suppressed the construction progress, and the release of terminal demand is insufficient. However, the ninth round of price increase for coke is underway, and the price of coking coal is firm, and the cost end still has a supporting role for the price of 316L stainless steel coils. Under the background of the interweaving of multiple factors, Kang Zengtai Materials predicts that the price of 316L stainless steel coils will continue to fluctuate and remain slightly weak in the short term.