As prices rise, the intermediate demand in today's market has weakened somewhat. In response to this phenomenon, merchants mostly express understanding and have a strong wait-and-see attitude. First, the procurement peak of the previous few days has basically ended, and with downstream demand yet to start, everyone’s wait-and-see sentiment has increased, regarding Hastelloy alloys; secondly, prices have risen too quickly, and the market needs time to digest this change; thirdly, today is Friday, and the market has generally formed a habitual weekend wait-and-see pattern, as for 316L stainless steel pipes, so even if there is a need, there won't be much trading. Based on these performances, today's market shipping was less than ideal. Whether it's the low point at 4150 yuan/ton or the high point at 4170, transactions are all rather light. Regarding next week's price trend, merchants still have differing opinions. There are both bearish and bullish views among merchants, but most indicate that ultimately, downstream demand will be used as a measurement standard. If demand does not pick up, the resistance to price increases will be significant.
At the opening of today's market, Tianjin adopted a consolidation operation, and some merchants' quotations still showed a tendency to increase. As of the time of writing, the price of 2.75mm*1500*C is around 4400 yuan/ton, and the price of 3.0mm*1500*C is between 4290-4320 yuan/ton. Shougang and Tangsteel 5.5mm*1500*C is priced at 4150-4170 yuan/ton, while China Railway Equipment Corporation's quotation is around 4150 yuan/ton. The mainstream quotation for large factories' 1500mm manganese coils is around 4340 yuan/ton, and the quotation for 1800mm coils is 4300 yuan/ton.