{"id":3974,"date":"2025-12-22T09:56:15","date_gmt":"2025-12-22T01:56:15","guid":{"rendered":"https:\/\/www.orinoxsteel.com\/?p=3974"},"modified":"2026-03-02T10:05:07","modified_gmt":"2026-03-02T02:05:07","slug":"china-stainless-steel-market-update-22-12-2025","status":"publish","type":"post","link":"https:\/\/www.orinoxsteel.com\/ru\/china-stainless-steel-market-update-22-12-2025\/","title":{"rendered":"\u041e\u0431\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 \u043a\u0438\u0442\u0430\u0439\u0441\u043a\u043e\u0433\u043e \u0440\u044b\u043d\u043a\u0430 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438 \u2013 \u041f\u0440\u0430\u043a\u0442\u0438\u0447\u0435\u0441\u043a\u043e\u0435 \u0440\u0443\u043a\u043e\u0432\u043e\u0434\u0441\u0442\u0432\u043e \u043f\u043e \u043f\u043e\u043a\u0443\u043f\u043a\u0435 \u0434\u043b\u044f \u0438\u043d\u043e\u0441\u0442\u0440\u0430\u043d\u043d\u044b\u0445 \u043f\u043e\u043a\u0443\u043f\u0430\u0442\u0435\u043b\u0435\u0439"},"content":{"rendered":"
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\u0421\u0432\u043e\u0434\u043a\u0430 \u0440\u044b\u043d\u043a\u0430<\/span><\/h1>\n

China\u2019s stainless steel market experienced sharp price fluctuations<\/strong> this week. Prices initially declined toward previous lows, followed by a limited rebound. Toward the end of the week, market activity increased significantly, but this movement was largely driven by short-term trading factors rather than real demand recovery<\/strong>.<\/p>\n

Under the traditional off-season environment, overall market confidence remains cautious. Buyers continue to focus on policy developments and supply-side adjustments rather than aggressive restocking.<\/p>\n

The main stainless steel futures contract closed at RMB 12,720\/MT<\/strong>, up 1.23% week-on-week<\/strong>, with a weekly high of RMB 12,835\/MT<\/strong>.<\/p>\n

\u0421\u0432\u044f\u0437\u0430\u043d\u043d\u044b\u0435 \u043f\u0440\u043e\u0434\u0443\u043a\u0442\u044b:<\/span><\/strong><\/p>\n

\u041d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0438\u0435 \u0441\u0442\u0430\u043b\u0438 \u0432 \u0440\u0443\u043b\u043e\u043d\u0430\u0445 \u0438 \u043f\u043e\u043b\u043e\u0441\u0430\u0445<\/u><\/a> \u00a0\u00a0 \u041d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0430\u044f \u0441\u0442\u0430\u043b\u044c\u043d\u0430\u044f \u043b\u0438\u0441\u0442<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u0411\u0435\u0441\u0448\u043e\u0432\u043d\u0430\u044f \u0442\u0440\u0443\u0431\u0430 \u0438\u0437 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u0421\u0432\u0430\u0440\u043d\u0430\u044f \u0442\u0440\u0443\u0431\u0430 \u0438\u0437 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u0423\u0433\u043b\u043e\u0432\u044b\u0435 \u043f\u0440\u043e\u0444\u0438\u043b\u0438 \u0438\u0437 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u041f\u043b\u043e\u0441\u043a\u0438\u0435 \u043f\u0440\u0443\u0442\u043a\u0438 \u0438\u0437 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u041a\u0440\u0443\u0433\u043b\u044b\u0435 \u043f\u0440\u0443\u0442\u043a\u0438 \u0438\u0437 \u043d\u0435\u0440\u0436\u0430\u0432\u0435\u044e\u0449\u0435\u0439 \u0441\u0442\u0430\u043b\u0438<\/u><\/a><\/span><\/p>\n

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1. \u0421\u0438\u0442\u0443\u0430\u0446\u0438\u044f \u043d\u0430 \u0441\u043f\u043e\u0442\u043e\u0432\u043e\u043c \u0440\u044b\u043d\u043a\u0435<\/strong><\/h2>\n

Spot stainless steel prices in China rose by approximately RMB 100\/MT<\/strong> this week. However, this increase should be viewed carefully:<\/p>\n

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    Market sentiment remains weak due to soft downstream demand<\/strong><\/p>\n<\/li>\n

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    Transactions are mainly concluded at lower price levels<\/strong><\/p>\n<\/li>\n

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    Inventory reduction is ongoing, but overall stock levels remain relatively high<\/strong><\/p>\n<\/li>\n

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    Steel mills have increased maintenance activities, easing supply pressure to some extent<\/p>\n<\/li>\n

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    Under a weak supply\u2013weak demand structure, upside price potential remains limited<\/strong><\/p>\n<\/li>\n<\/ul>\n

    Raw material prices edged slightly higher, providing cost support. Steel mills still maintain reasonable production margins<\/strong>, but price increases are not demand-driven.<\/p>\n

    Export conditions remain uncertain due to global macro factors, and buyers remain cautious about accepting higher prices.<\/p>\n

    Overall, stainless steel prices are expected to stabilize at low levels with range-bound fluctuations<\/strong>, rather than entering a strong upward trend.<\/p>\n

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    2. Key Weekly Price Trends (Buyer Reference)<\/strong><\/h2>\n
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      304 \/ 2B \/ BA<\/strong>: Slight declines at most mills, indicating stable supply and limited short-term upside<\/p>\n<\/li>\n

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      201 series<\/strong>: Mild price softening, suitable for cost-sensitive applications<\/p>\n<\/li>\n

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      430 series<\/strong>: Generally weak, reflecting subdued demand<\/p>\n<\/li>\n

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      304 NO.1 hot rolled<\/strong>: Small pullbacks, offering negotiation opportunities<\/p>\n<\/li>\n

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      Scrap prices<\/strong>: Mostly stable, confirming cost support but not strong demand recovery<\/p>\n<\/li>\n<\/ul>\n

      These movements suggest the market is currently price-sensitive<\/strong>, with buyers pushing back against higher offers.<\/p>\n

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      3. Inventory & Supply Signals<\/strong><\/h2>\n

      Registered stainless steel warehouse inventories dropped sharply to 48,495 tons<\/strong>, down 12,106 tons week-on-week<\/strong>. This significant destocking has reduced immediate inventory pressure<\/strong>, supporting price stability at current levels.<\/p>\n

      However, continued destocking will be key to sustaining any further improvement. Without stronger end-user demand, inventory reduction alone is unlikely to drive a strong price rebound.<\/p>\n

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      4. \u0421\u043e\u0432\u0435\u0442\u044b \u043f\u043e \u043f\u043e\u043a\u0443\u043f\u043a\u0435 \u0434\u043b\u044f \u0438\u043d\u043e\u0441\u0442\u0440\u0430\u043d\u043d\u044b\u0445 \u043f\u043e\u043a\u0443\u043f\u0430\u0442\u0435\u043b\u0435\u0439<\/strong><\/h2>\n<\/div>\n

      Based on current conditions, we suggest the following procurement strategy:<\/p>\n

      Suitable time for selective buying<\/strong><\/p>\n

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        Prices remain close to recent lows<\/p>\n<\/li>\n

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        Supply pressure is easing due to mill maintenance<\/p>\n<\/li>\n

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        Sellers are more flexible on terms and volumes<\/p>\n<\/li>\n<\/ul>\n

        Best approach<\/strong><\/p>\n

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          Secure partial volumes<\/strong> rather than full forward coverage<\/p>\n<\/li>\n

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          Focus on 304 and common 201 grades<\/strong> for near-term needs<\/p>\n<\/li>\n

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          Avoid chasing short-term price spikes driven by market volatility<\/p>\n<\/li>\n<\/ul>\n

          Risk to watch<\/strong><\/p>\n

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            Demand recovery remains weak<\/p>\n<\/li>\n

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            Price rebounds may lack sustainability<\/p>\n<\/li>\n

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            Policy impact may take time to translate into real consumption<\/p>\n<\/li>\n<\/ul>\n

            Overall, the market is expected to remain range-bound with mild volatility<\/strong>, favoring buyers who act selectively and negotiate actively.<\/p>\n

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            5. What Buyers Should Monitor Next<\/strong><\/h2>\n
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              \u0413\u0440\u0430\u0444\u0438\u043a\u0438 \u043f\u0440\u043e\u0438\u0437\u0432\u043e\u0434\u0441\u0442\u0432\u0430 \u0438 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u043e\u0433\u043e \u043e\u0431\u0441\u043b\u0443\u0436\u0438\u0432\u0430\u043d\u0438\u044f \u043c\u0435\u0442\u0430\u043b\u043b\u0443\u0440\u0433\u0438\u0447\u0435\u0441\u043a\u043e\u0433\u043e \u0437\u0430\u0432\u043e\u0434\u0430<\/p>\n<\/li>\n

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              Raw material cost movements<\/p>\n<\/li>\n

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              Inventory destocking pace<\/p>\n<\/li>\n

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              Export order demand and global economic signals<\/p>\n<\/li>\n<\/ul>\n

              If you are planning purchases of stainless steel coils, sheets, or BA-finished products<\/strong>, the current market offers reasonable entry points with negotiation opportunities<\/strong>, especially for short-term and project-based orders.<\/p>\n

              \u0421\u0432\u044f\u0436\u0438\u0442\u0435\u0441\u044c \u0441 \u043d\u0430\u043c\u0438, \u0447\u0442\u043e\u0431\u044b \u043f\u043e\u043b\u0443\u0447\u0438\u0442\u044c \u0430\u043a\u0442\u0443\u0430\u043b\u044c\u043d\u044b\u0435 \u0446\u0435\u043d\u044b \u043d\u0430 \u044d\u043a\u0441\u043f\u043e\u0440\u0442, \u0441\u0440\u043e\u043a\u0438 \u043f\u043e\u0441\u0442\u0430\u0432\u043a\u0438 \u0438 \u0438\u043d\u0434\u0438\u0432\u0438\u0434\u0443\u0430\u043b\u044c\u043d\u044b\u0435 \u0440\u0435\u0448\u0435\u043d\u0438\u044f \u043f\u043e \u0441\u043d\u0430\u0431\u0436\u0435\u043d\u0438\u044e.<\/em><\/p>\n<\/div>\n

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