Trading chaos in stainless steel market
Under the background of the continuous rise in the price of stainless steel, some upstream steel mills have serious breach of contract, such as long-term default, changing the performance mode or forced matching sales. Many middle and downstream enterprises are forced to accept the unreasonable clause that "only by purchasing a large amount of spot at a high price can some of the low price futures signed earlier be withdrawn". This kind of forced matching sales behavior of "1 kg lean meat must be matched with 3 kg fat meat" has the potential to spread, resulting in some stainless steel enterprises "going out of the pot without rice" in the short term, and some downstream manufacturing enterprises, construction sites and contractors even face the dilemma of shutdown.