The price of stainless steel is fluctuates frequently, with an average volatility of about 12% in recent ten years. After the 2008 financial crisis, the state issued a series of economic stimulus policies covering infrastructure and real estate, which strongly supported the demand of the stainless steel industry. The price of stainless steel 304 cold coil showed an upward trend, reaching a high of about 27000 yuan / ton in 2011;
The volatility of the price yield of coil changes greatly, which corresponds to the sharp rise and fall of the spot market. It fell rapidly after the sharp increase of the midlife volatility in 2014, and the annual volatility of the daily price yield once reached about 35%.
The iron and steel industry is the basic industry of the national economy. The cyclical fluctuation of the national economy is an objective economic law, and the iron and steel industry is one of the industries most closely related to the economic cycle. It can be said that the stainless steel market fluctuates with macroeconomic fluctuations.
There is a strong correlation between the price of and the price of raw materials (mainly nickel and chromium), and the product price fluctuates due to the change of raw material price. Nickel is mainly used to produce, and its consumption is mainly driven by production. In recent years, the substantial increase in production has driven nickel consumption.
Overall, the correlation between the price of rolled coil and the price of electrolytic nickel remained at a high level before 2017, and there was a sudden decrease in the correlation in the short term. Since the end of 2017, the correlation between the spot prices of the two countries has decreased rapidly, and recently rebounded to about 0.7. There are mainly the following two reasons: first, the future supply and demand structure of nickel may be divided into two industrial chains: “ferronickel and “electrolytic nickel power battery”
Since entering the new century, driven by the growth of demand, the world production capacity has increased significantly. The world production center has been transferred from European and American developed countries to Asia, especially the Asian emerging economies represented by China. In the context of the substantial increase in in Asia, the current stainless steel market has begun to show signs of relative oversupply, putting pressure on.
With the economic development and the improvement of living standards, as well as the requirements for the appearance and service life of steel, the application of stainless steel will be more and more widely. In the long run, the growth of will support the price
The impact of technological innovation on the international market includes: first, scientific and technological progress will improve the function and performance of products to a certain extent, broaden the application field of stainless steel, stimulate the market demand of products and increase the market price; Second, the impact on the production process can improve labor productivity, improve production structure and reduce the global supply price; The rivets are cold after riveting It shrinks and generates clamping force on the connected plate bundle, which is conducive to force transmission. Rivet connection has good toughness and plasticity.
However, riveting is more labor-consuming than bolt connection and more expensive than welding. It is only used for long-span steel structures bearing large dynamic loads. Generally, it is almost replaced by welding in the factory and high-strength bolt connection in the construction site.
Changes in national macroeconomic policies, monetary policies, foreign exchange policies and import and export policies, such as the introduction of national policies to promote consumption upgrading, will stimulate the demand terminal products, or some countries implement trade barriers to some products. These factors also have a certain impact on the price.
