The first is the composition of stainless steel, that is, stainless steel raw materials. Stainless steel raw materials are mainly iron, chromium, Cr and nickel, and the prices of these raw materials play a decisive role in the price of stainless steel. As the price of raw materials rises, the price of stainless steel will also rise. Therefore, to pay attention to the stainless steel market, we must pay attention to the global nickel price, especially the trend of LME nickel price, as well as the global iron ore, molybdenum price trend and the latest trend, as well as the price trend of other non-ferrous metals.

Secondly, inventory, the relationship between supply and demand has been constantly guiding prices, and inventory well reflects the current market supply and demand relationship. Supply exceeds demand, stainless steel prices fall, and inventory backlog is large. Demand exceeds supply, prices rise, and inventory becomes very tight. If the price of a series of stainless steel is too high, there will be substitutes for this series in the stainless steel market. Substitutes generally have many advantages, such as low price, cheap materials, superior performance and so on. Therefore, the emergence of substitutes will also cause price fluctuations.

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