In June, the China316L stainlesssteel sheet manufacturer market in China failed to maintain the rebound momentum it had shown in the previous two consecutive months. The price trend overall moved downward, and the weak-running characteristic was obvious. The downward trend of the 316l stainlesssteel sheet market originated from the resonance of two factors: On one hand, the favorable expectations from raw material sectors such as coke had been fully absorbed by the prices, and the cost support effect gradually weakened; on the other hand, the arrival of the southern rainy season led to the synchronization of production slowdown in major downstream industries such as automobiles and home appliances. Terminal purchases only maintained rigid price reduction, and the active buying demand was severely insufficient. The combination of these two factors led to the lack of upward momentum in the 316l stainlesssteel sheet market, and the price could only seek a new balance downward.

From the demand side, the terminal consumption in June showed a significant seasonal weakening. Downstream users generally maintained low inventories and short-cycle purchasing strategies, and batch replenishment behaviors never triggered. The transaction volume of the 316l stainlesssteel sheet market remained in a depressed state. The home appliance industry performed relatively better, but it still could not offset the overall demand contraction.

The changes in the inventory end of 316l stainlesssteel sheet best reflect the contrast between supply and demand forces. At the beginning of June, the social inventory could still maintain a slight decline, but from the middle to the end of the month, it turned upward and continued to rise for several consecutive weeks. The inventory of the steel mills also accumulated simultaneously. Currently, the social inventory of 316l stainlesssteel sheet in China is at the highest level in the past three years, and the process of inventory reduction is very slow. This persistent inventory pressure has become an important ceiling to suppress the rebound of the 316l stainlesssteel sheet price.