At present, the two major stainless steel distribution centers in Foshan and Wuxi are gradually recovering. The transportation situation in Wuxi is relatively normal, and it will take some time for cross-city transportation to return to normal. Foshan has now achieved a dynamic social reset, and the impact of the stainless steel trading market is limited. The transportation from steel mills to the trading market is mainly by shipping, and railway and automobile transportation also account for a certain proportion. Judging from the arrival of goods in the market, although there is a delay, it has not caused a significant impact. Most of the links from the trading market to the terminal are mainly automobile transportation. Under the influence of the epidemic, the speed of downstream delivery has slowed down.
According to market feedback, the current stainless steel price is still high. Under the high price and the impact of the epidemic, downstream orders have decreased year-on-year. In addition, transportation has been blocked, and the downstream delivery speed has slowed down. The social inventory performance has continued to increase for three weeks.
With the stabilization of the epidemic in April, the downstream market will gradually become active, and the pickup volume in April will gradually increase. The future market price of stainless steel will also show a stable state.