Market aspect: During this week, the operation of the stainless steel coil304 market presented three main characteristics: Firstly, the price continued to decline steadily. On the first day after the holiday, there was a strong sense of market observation. Subsequently, major cities such as Shanghai and Tianjin successively experienced a rotational decline. In the local areas with high inventory levels in South China, the price was under significant pressure. Secondly, regional differentiation intensified. In the market of East China, the high-priced resources were not easily absorbed, and the previously relatively firm prices experienced a rebound decline. In the local areas with high inventory pressure in South China, the supply of low-priced resources was still possible but the prices continued to be under pressure. Thirdly, trading remained sluggish. The downstream terminals continued to adopt the strategy of "purchasing as needed and not chasing prices up", and the effect of traders' price reduction for quantity increase was limited. The overall trading atmosphere in the stainless steel coil 304market was weak.

At the beginning of the week, driven by the fifth round of price increase in coke, the cost end was temporarily strengthened. In the middle of the week, as the futures continued to weaken and market trading volume turned to be dull. The fifth round of price increase in the coke market was fully implemented. The cost end support for the stainless steel coil304 market still existed, but under the reality of weak demand, the support of raw material prices for the 304 stainless steel coil market was relatively limited. Currently, the base materials have formed a certain bottom support for the price of the stainless steel coil304 , but the upward driving force is clearly insufficient.