The market price of 321 stainless steel sheets has continued to show a narrow decline trend. Main iron ore producers have initiated the tenth round of price hikes, but downstream steel mills have not responded yet. The continuous decline in the price of 321 stainless steel sheets is eroding the profits of steel mills, and the loss area is gradually expanding. Some steel mills have successively released their July blast furnace maintenance plans, and the negative feedback expectation at the terminal level is gradually strengthening.

The supply of coking coal from the main production areas remains tight, and the safety supervision situation in various regions remains severe. The remaining shut-down coal mines are difficult to resume production in the short term. The overall price of coking coal remains firm, providing support for the price of coke.

However, it is worth noting that the continuous decline in the price of 321 stainless steel sheets is eroding the profits of steel mills, and the proportion of losses among steel mills is gradually expanding. Some steel mills have successively announced their high-temperature blast furnace maintenance plans for July, and the negative feedback expectations are gradually strengthening. The tenth round of price increase is likely to be postponed until the middle of the month or may not be implemented at all. The competition between coke and steel industries has entered a critical stage.

The trading enthusiasm of 321 stainless steel sheet dealers in the region is average. The market trading sentiment is dull, and so far there has been little transaction volume. Steel mills are replenishing their stocks as needed, and there are few inquiries. The iron ore price has slightly weakened, and its support for the cost of 321 stainless steel sheets has gradually decreased.

The demand from the downstream sector is insufficient, and the desorption speed of cold-rolled inventory is slow. The pressure on the spot sales of 321 stainless steel sheets has increased. The market demand is lackluster, and merchants hold a cautious and pessimistic attitude towards the future market situation. It is expected that the spot price of 321 stainless steel sheet will fluctuate and move in a relatively weak direction next week.