The overall market trend of stainless steel coil 316L has been fluctuating around a weakly stable axis.
This week, the market situation of stainless steel coil 316L showed a three-stage pattern of "first stable - then weak - and then stabilizing again":
At the beginning of the week: Most mainstream 316L stainless steel coil factories had previous long-term contract orders as support, and the low inventory did not have obvious selling pressure. The factory quotations mostly chose to maintain stability. Some scarce specifications and thick-walled non-standard resources, due to the relatively small market circulation volume, had slightly firm quotations.
In the middle of the week: The futures market several times fell and broke through the market's psychological expectations. The post-market outlook of the trading sector became more bearish. The downstream purchasers of stainless steel coil316L had a strong willingness to negotiate and purchase at discounted prices. Many middlemen, in order to accelerate capital turnover, secretly increased the bargaining and concession margins. Some unsold specifications actually saw a hidden price reduction.
Towards the end of the week: The futures market rebounded slightly for repair, and the panic selling sentiment in the 316L stainless steel coil market eased. The factory and trading merchant price adjustment intentions converged simultaneously. The spot quotations of stainless steel coil316L basically stopped falling and stabilized, and the market entered a narrow consolidation stage of stalemate.
The price differences across all regions remained within a reasonable and normal range. The overall market situation of stainless steel coil316L was in a fluctuating trend around the weak and stable main line, lacking the driving force for a trend-up movement.
