The price of raw materials for stainless steel flanges has ushered in new fluctuations

Last week, Shanxi Haokun flanges Group Co., Ltd. just led customers to analyze the price fluctuation of stainless steel flange raw materials, and this week ushered in new fluctuations. Last week's market was that the raw material price of stainless steel flange was reduced, which is expected to lead to the decline of flange price. It's only a few days. Prices are beginning to fluctuate again. The price of raw materials for stainless steel flanges is rising this time, which may fluctuate greatly for our products. The price of phase steel fluctuated upward after opening low last night, and the price in the day was restrained first and then increased. The screw thread and hot coil were respectively, basically recovering yesterday's decline. The mainstream quotation in the steel market opened slightly lower, and the spot decline of stainless steel flange raw materials gradually narrowed and stabilized upward. We think there are many reasons for the fluctuation of raw material price of stainless steel flange. From the aspect of news: Sheng Laiyun of the National Bureau of Statistics said that we should pay close attention to planning incremental policy tools; Shanghai should strive to achieve social clearance in mid May; From 13th to 14th, there was heavy rain in some areas of Guangdong, Guangxi and Fujian; Yiwu City, Zhejiang province carried out automobile consumption promotion activities, with a maximum subsidy of 10000 yuan per vehicle. This is good news for our stainless steel flange raw materials. In addition, CISA requires the rapid implementation of domestic iron ore development plan; China Railway Association calls on manganese enterprises to reduce production; Tangshan Qian'an city decided to adjust the epidemic prevention and control, adjust regional control and transfer to regional prevention from 0:00 on May 12, 2022. The price of stainless steel flange raw materials has not increased significantly this week, mainly due to the heavy rain in many places in the south. The demand for steel has shrunk significantly this week. With the gradual improvement of domestic epidemic prevention and control situation, the demand is expected to pick up next week. In addition, the electric furnace factory has lost money and reduced production, and the pressure of supply and demand may be gradually relieved. In the short term, the terminal demand is released slowly, the market sentiment is weak, the steel price is still in a weak adjustment, and the price may operate in a range shock.