The price increase of 304 stainless steel is a factor that affects the price of stainless steel. Generally speaking, the price of 304 stainless steel plate is around 10,000/ton, and this price fluctuates every day according to the market! But the main reasons for the price fluctuation of 304 stainless steel plate can currently be as follows: From three aspects: first, the cost price of stainless steel raw materials; second, the supply and demand relationship in the stainless steel market; third, the indirect regulation of stainless steel prices by some large enterprises.

1. 304 stainless steel plate raw materials

304 stainless steel plate refers to a high alloy steel that can resist corrosion in air or chemically corrosive media. Its representative steel types include 13 chromium steel 1cr17 (430) and 18-chromium nickel Ocr18Ni9. The raw materials of 304 stainless steel plates are mainly iron, chromium Cr, and nickel NI. The prices of these raw materials play a decisive role in the price of 304 stainless steel plates. The rise in raw material prices will provide support for the price of 304 stainless steel, which will in turn create pressure or become a driving force.

2. Inventory relationship of 304 stainless steel plates

The relationship between supply and demand has always guided prices, and inventory well reflects the current supply and demand relationship in the market. Supply exceeds demand, the price of 304 stainless steel has fallen, and the inventory is backlogged. The supply exceeds the demand, the price of 304 stainless steel rises, and the inventory becomes very tight.

If the price of 304 stainless steel plate is too high, then substitutes of this series will appear in the stainless steel plate market. Substitutes generally have many advantages, such as low price, cheap materials, superior performance, etc. Therefore, the emergence of substitutes will also cause fluctuations in the price of 304 stainless steel plates. This example is particularly evident in the futures market.

3. Some monopolies or monopoly companies unite to control prices

The indirect regulation of some large enterprises will also have a partial impact on the price of 304 stainless steel plates.