According to Xing Zhongying, general manager of Tianjin Stainless Steel Market, the transaction volume of Tianjin Stainless Steel Market in December 2023 was 2,290 tons and the transaction volume was 36.7 million yuan, an increase of 12.25% and 13.27% respectively from the previous month. In 2023, the transaction volume of this market was 22,440 tons, and the transaction value was 369.7 million yuan, a year-on-year decrease of 29.35% and 32.44% respectively.
Xing Zhongying said that in December 2023, the Tianjin stainless steel market transaction volume and value increased month-on-month, which was an increase based on the trough level in November. At present, the transaction volume and amount of the market are still in a sluggish trend. The main reason is the lack of overall demand for stainless steel products. Looking forward to the next period of time, the overall demand is still insufficient, and the downward trend of transaction volume and volume fluctuations in the market will continue.
In terms of categories, in December 2023, stainless steel plates ranked first in sales in this market, with sales of 790 tons, an increase of 19.70% month-on-month (the same below), accounting for 34.50% of the total market sales; the transaction volume was 12.9 million yuan , an increase of 20.56% month-on-month (the same below), accounting for 35.15% of the total market sales (the same below). Stainless steel pipes ranked second in sales volume, with sales volume of 660 tons, an increase of 20.00%, accounting for 28.82%; transaction volume was 12.5 million yuan, an increase of 20.19%, accounting for 34.06%. Stainless steel profiles (bars) ranked third in sales, with sales volume of 650 tons, an increase of 1.56%, accounting for 28.38%; transaction volume was 9.2 million yuan, an increase of 1.10%, accounting for 25.07%. The sales volume ranked fourth in other categories, with sales volume of 190 tons, unchanged, accounting for 8.30%; transaction volume was 2.1 million yuan, down 4.55%, accounting for 5.72%.
According to dealers, the varieties with relatively large sales volume in this market in 2023 include: cold-rolled stainless steel sheets made of 304/2B with a specification of 0.5 mm × 1000 mm × 2000 mm; 1000 mm × 2000 mm cold-rolled stainless steel sheet; material is 304, specifications are diameter 20 mm × 3 mm, diameter 22 mm × 3 mm, diameter 25 mm × 3 mm, diameter 38 mm × 3 mm, diameter 32 mm × 3 mm, diameter 48 mm × 3 mm, diameter 45 mm × 3 mm, diameter 57 mm × 3 mm, diameter 76 mm × 4 mm stainless steel seamless pipe; material is 304, specifications are 40 mm × 40 mm × 4 mm, 50 mm × 50 mm × 5 mm stainless steel angle steel; material is 304, specifications are stainless steel round steel with diameter 8 mm ~ 28 mm diameter, diameter 30 mm ~ 60 mm diameter, etc. The sales of the above varieties account for more than 60% of the total sales in this market.
Stronger Dollar and Profit-Taking Pressure
The combined pressure of a stronger dollar and profit-taking caused London copper to end a seven-day winning streak last week, closing down 0.56%. High copper prices are suppressing downstream demand, while market uncertainty surrounding upcoming holidays intensifies, making price trends difficult to predict. Spot copper is likely to decline today. With the strengthening of the