Today, the market performance of 316L stainless steel sheet was average. The quotations remained relatively stable, but the sales were weak. Merchants reported that after the price increase yesterday, the transactions were somewhat overextended. Today, the market situation for 316L stainless steel sheet was average, and the trading was relatively calm.

Yesterday's upward trend has basically returned to stability today. The influence of funds and emotions has subsided, and the 316L stainless steel plate market has returned to its fundamental level. The market is lackluster, with some regions having no market activity, and the trading process is extremely weak, testing the tolerance of the steel trading industry.

According to data from the National Bureau of Statistics, in June, the domestic CPI rose by 1.0% year-on-year, which was lower than market expectations and also alleviated concerns about inflation. However, from the perspective of PPI, it soared by 4.1% year-on-year, with the growth rate expanding for four consecutive months and reaching a new high since July 2022. The upward trend in the industrial sector continued to intensify, and the gap between CPI and PPI continued to widen, precisely reflecting the pressure situation in the current 316L stainless steel plate market. Last month, the easing of the situation in Iran led to a decline in the cost of bulk commodities, but the AI investment boom, the rebound in oil prices and coke, and the prices of non-ferrous metals pushed up the cost of industrial raw materials, directly increasing the production-side cost pressure of 316L stainless steel sheet.