The negative impact of the off-season and other factors led to a slight decline in the price of 321 stainless steel coils.

The weak demand during the off-season has led to a slight decline in the price of 321 stainless steel coil. The cost advantage has held the market at its bottom. This week, the price of 321 stainless steel coil scrap in the East China region has slightly dropped, with the quoted range being 10,300 - 10,400 yuan per ton; the price of the same specification of scrap stainless steel in Foshan remained stable, with the price range being 10,150 - 10,450 yuan per ton. From the perspective of production costs at the raw material end, the cost of producing stainless steel using only scrap stainless steel is approximately 14,459.87 yuan per ton, while the production cost using high-nickel pig iron is 15,149.69 yuan per ton. The cost difference remains considerable. This week, the price of scrap stainless steel has slightly declined. Although the futures market of SS had a slight upward trend during the week, the upward driving force of the futures was weak and could not be transmitted to the spot market; in addition, the market is gradually approaching the traditional off-season for stainless steel consumption, and the purchasing mentality of the downstream terminals has generally become cautious. The spot price of stainless steel products has maintained stability and lacks upward momentum. At the same time, the price increase of alternative raw materials, high-nickel pig iron, has slowed down at the same pace. The market transaction performance of 321 stainless steel coil is weak, and the overall market support from the overall linkage of raw materials is insufficient. In addition, the long-term tax ticket shortage problem in the industry has not been alleviated, and some news of production cuts and maintenance by stainless steel factories in June has emerged, weakening the market's expectation for raw material demand. Multiple negative factors have jointly dragged down the price of scrap stainless steel during the week. Even though the price of scrap materials slightly weakened this week, scrap stainless steel still maintains a better economic advantage compared to high-nickel pig iron.