The recent trend of stainless steel is “outstanding”. Since mid-to-late April, the bulls have started a wave of trend increases, and prices have frequently set new historical highs. The cumulative increase so far has exceeded 30%.

First, from a macro perspective, global liquidity remains abundant and the economy recovers. Market expectations for the Fed’s marginal contraction of liquidity in the second half of the year have rebounded. The overall performance of my country’s economic data is good. Monetary policy remains stable and slightly looser. The economic growth momentum in the first half of the year contributed more to foreign trade. In the second half of the year, it may be necessary to maintain endogenous growth momentum. The trend of industrial products is divergent. Stainless steel is a relatively better performer. Category.

Second, from the perspective of supply and demand, the continuous crude steel production schedule data for stainless steel continues to be good, the overall supply tends to improve significantly year-on-year, the overall demand is still performing well, and futures warehouse receipts continue to flow out. The price of stainless steel in the international market remains high. The export demand for stainless steel in Indonesia and China is generally good. Even if the export tax rebate for 80% of stainless steel is cancelled, the export volume still performs well. The upstream nickel pig iron of stainless steel is supported by high nickel ore prices, and the limited production of ferrochromium is also disturbed, the cost line shifts, and the boom in supply and demand forms support. Stainless steel may still maintain good growth in the second half of the year, but the demand side is facing the possibility of changes in external demand and whether there is continuous disturbance of domestic stainless steel production restrictions, which may continue a relatively strong operating trend.

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