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  • Shaanxi Tonghui Steel Co., Ltd.
  • E-mali: sxthsteel@sxth-group.com
  • Tel: +86-29-89636557
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  • The Price Trend Of China's Stainless Steel Industry In 2018
    Jul 30, 2018

    Nickel is an important factor in driving the price of stainless steel.

    The price of stainless steel industry is mainly driven by the price of nickel and chromium, but it does not exclude that the supply and demand frame is stronger than the cost in some periods.

    The price of nickel has a driving effect on the price of stainless steel, and the price of stainless steel has no significant conduction effect on the price of nickel. The price of stainless steel has a close linkage with nickel price, and the price of nickel has the conduction effect and driving effect on the price of stainless steel. As shown in Figure 1, as shown in the price and nickel price of stainless steel since 2006, first, at most time, the fluctuations in the price of stainless steel strictly follow the fluctuation of nickel prices, showing a strong linkage between them. Second, the fluctuation of nickel prices is slightly stronger than the price wave amplitude of stainless steel, and the price of stainless steel is fluctuating. The sign of nickel price fluctuation shows the transmission characteristics of nickel price to stainless steel price.

    Third, nickel prices are very close to stainless steel prices at the level level, which is consistent with the cost frame driven steel price characteristics.

     QQ图片20180730101028.png            

    The price of stainless steel is closely related to the price of nickel, and the price of nickel has a driving effect on the price of stainless steel.

    In 2018, the supply and demand pattern of the stainless steel industry will continue to improve, the driving effect of the supply and demand framework to the price of stainless steel will be gradually enhanced; on the cost framework, the continuous tension between supply and demand will support the further upward movement of the nickel price center in 2018, while the supply of chromium iron makes the price fluctuate around the price of stainless steel, and the cost framework is to the price of stainless steel. The driving effect will gradually weaken, and the gross profit of stainless steel per ton will gradually improve.