Factors affecting the price of 410 stainless steel wire

Since the end of July this year, the prices of all metal materials have begun to rebound and prices have risen.

So, what other factors affect the price ups and downs besides raw materials?

First of all, the composition of stainless steel, that is, stainless steel raw materials, stainless steel raw materials are mainly iron, chromium Cr, nickel NI, the price of these raw materials has played a decisive role in the price of stainless steel. The price of raw materials is rising, and the price of stainless steel is rising, so if you want to pay attention to the stainless steel market, you must pay attention to the global

Nickel prices, especially the price trend of LME nickel, should also pay attention to the price trends and latest developments of global iron ore and molybdenum, as well as the price trends of other non-ferrous metals.

The second is inventory. The relationship between supply and demand has been guiding prices, and inventory is a good reflection of the current market supply and demand relationship.

The last is the impact of the policy environment. The state's regulation of environmental protection affects the production capacity of steel mills and the production of downstream machinery and chemical equipment industries. The tightening of bank money and credit directly affects the financing of steel enterprises and downstream enterprises, and the problem is the slowdown in demand. Competition in the international trade market and export demand directly affect purchase orders, and indirectly reflect the rise and fall of steel prices.