With Continued Inventory Accumulation, Oversupply, Limited Cost Support, Stainless Steel May Experience Weak Fluctuations in Late June [SMM Analysis]

Th06 19, 2024, at 11:47 am
SMM

Since May, SS contract has shown an overall upward trend, reaching a new high of 14,955 yuan/mt on May 30, the highest since October 17, 2023, with an increase of 1.99% MoM.

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SMM • một năm trước
[SMM Analysis] Operating Rates of Refined Tin Smelters in Jiangxi Dropped Slightly, Tin Ingot Production is Expected to See No Growth
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SMM • một năm trước
SMM electric arc furnace operating rate: Operating rate continued to decline, and electric arc furnaces can hardly make profits

With Continued Inventory Accumulation, Oversupply, Limited Cost Support, Stainless Steel May Experience Weak Fluctuations in Late June [SMM Analysis]

[SMM Analysis] Operating Rates of Refined Tin Smelters in Jiangxi Dropped Slightly, Tin Ingot Production is Expected to See No Growth

SMM electric arc furnace operating rate: Operating rate continued to decline, and electric arc furnaces can hardly make profits