The local area has fully entered the rainy season. The continuous rainy weather combined with high temperatures has significantly slowed down outdoor pipeline networks and infrastructure construction. Terminal purchases have only maintained sporadic and necessary replenishments. The market for 316L stainless steel sheet is sluggish. The upstream pipe factories have a strong willingness to maintain prices, but the weak downstream demand forces spot sales to offer discounts to move goods. The price gap between the purchase and sale ends of 316L stainless steel sheet is continuously narrowing, and the profit margin is continuously shrinking. The short-term rainy weather shows no obvious improvement signs. It is expected that the price of 316L stainless steel sheet will maintain a weak downward trend.

Demand side: The rainy season combined with high temperatures has led to a significant shrinkage in transaction volume.

Currently, the local area has fully entered the rainy season. The continuous rainy weather combined with high temperatures has significantly slowed down outdoor pipeline networks and infrastructure construction. Terminal purchases have only maintained sporadic and necessary replenishments. The daily average sales volume of 316L stainless steel sheet by merchants is only several tens of tons, and the transaction volume has significantly shrunk, with a significant gap compared to normal levels. The purchasing rhythm of end users has slowed down, bulk order locking behavior has basically disappeared, the pressure on merchants' capital turnover has increased, and the market atmosphere of 316L stainless steel sheet is full of hesitation, with overall confidence being weak.