International stainless steel prices fluctuate

1. Raw material price
Nickel: Nickel is the core raw material for the production of stainless steel, and its price fluctuations directly affect the price of stainless steel. Higher nickel prices, such as due to supply shortages or increased demand, will push up the cost of stainless steel.
Chromium and iron ore: Chromium and iron ore are other important raw materials, and fluctuations in the price of these commodities will also affect the production cost of stainless steel.
Scrap: As a renewable resource, scrap accounts for a certain proportion in stainless steel production, and the rise in scrap prices will also push up the price of stainless steel.

2. Supply and demand relationship
Supply side: Stainless steel producers’ capacity changes, maintenance shutdowns, and line adjustments (such as production cuts or expansions) will affect supply.
Demand side: Stainless steel is widely used in construction, automobiles, home appliances, petrochemical and other industries. Fluctuations in demand in these industries can affect prices.
Economic growth: When the economy is growing strongly, the demand for stainless steel increases and the price rises.
Seasonal demand: for example, the demand for stainless steel in the construction industry is higher in the construction season (spring and autumn).

3. International factors
Global trade situation: Stainless steel is an important commodity in global trade, and price fluctuations in the international market will affect domestic prices.
Import tariffs, export restrictions or anti-dumping policies can affect domestic supply and prices.
International market competitiveness: such as Indonesia due to the adjustment of nickel ore export policy or China and other countries stainless steel trade disputes.

4. Energy and environmental policy
Energy prices: Stainless steel production consumes a lot of energy, and energy costs (such as electricity prices, natural gas, etc.) have a significant impact on prices.
Environmental protection policies: Strict environmental protection policies may lead to stainless steel enterprises to limit production or increase production costs, pushing up prices.

5. Market speculation and sentiment
The amplification of price fluctuations by market intermediaries or speculators may lead to greater market volatility in the short term.

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