Shunhao Machine and Mold Factory selects high-quality stainless steel materials for melamine tableware molds making, which are durable and have a high rate of finished products. The following is the latest stainless steel market trend to share with you.

The price of stainless steel fluctuated and fell back in February. On February 1, the price of stainless steel was 15,900 yuan/ton (about 2,313 US dollars/ton), and on February 28, the price of stainless steel fell to 15,528.57 yuan/ton (about 2,259 US dollars/ton), an overall decrease of 2.34%, a year-on-year increase of 5.16 %.

Except for nickel, the upstream prices of stainless steel have all risen, but affected by the cost reduction of steel mills, the price of stainless steel is relatively firm. As of the end of the month, the total stainless steel inventory was 1.4106 million tons.

Shunhao Factory predicts that the price of stainless steel will be weak in the short term, but with the arrival of the peak season in March, terminal demand may improve to a certain extent, and the price of stainless steel may rise slightly by then.