MARKET PRICE INFO

The above picture is the trend picture of FUTURES TRADING for Major Contract SS2108 (Stainless Steel).

Since the futures price of June 11^th break the platform and start to increase,

the futures price of SS2108 increase as follow:

June 7^th to June 11^th, the futures price increased 7.02%
June 14^th to June 18^th, the futures price increased -2.96%

June 21^th to June 25^th, the futures price increased 5.28%

June 28^th to July 2^nd, the futures price increased -2.51%

July 5^h to July 9^th, the futures price increased 6.31%

July 12^th to July 16^th, the futures price increased 7.95%

July 19^th to July 23^th, the futures price increased 3.09%

July 26^th to July 29^th, the futures price increased 2.69%

Totally, the futures price increased 26.87%. According to the related info, we think that the reasons of price increase are as follow:

1)   Production limited

2)   Power limited

3)   The price of Ni-Fe & Fe-Cr increased too much

4)   The demand is better than before

5)   Typhoon In-Fa

Lots of suppliers of Stainless steel estimated that the market price will be stable at high side or continue to increase.