No improvement on demand side in local Chinese stainless steel market

Wednesday, 22 April 2015 19:18:59 (GMT+3)   |   Shanghai
       

China's domestic stainless steel market has mostly moved on a stable trend during the past seven days, though with some slight decreases seen also.

Global nickel prices have followed a fluctuating trend during the past week, with prices now slightly higher compared to one week earlier. On April 21, the three-month nickel price at the London Metal Exchange (LME) closed at $12,675/mt, while LME nickel inventory on the same date totaled 433,962 mt.

Overall trading activity in the Chinese domestic stainless steel market has remained at low levels, causing some traders to reduce their prices slightly. Considering the support from nickel prices, it is believed that domestic stainless steel prices will continue to follow their mainly stable trend in the coming week.

Spec.

Region

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

202/No,1(3,0*120*C)

Foshan

Guangzhou lianzhong

11,500

1,855

0

201/No,1(3,0*1219*C)

Foshan

Guangzhou lianzhong

7,600

1,226

↓200

304/2B(1,0*1219*C)

Wuxi

Taigang

14,500

2,339

0

304/No,1(3,0*1219*C)

Wuxi

Taigang

14,500

2,339

↓100

430/2B(3,0*1219*C)

Wuxi

Taigang

7,850

1,266

0

430/BA(1,0*1219*C)

Wuxi

Krupp

7,500

1,210

0


17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.20


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 9, 2024

29 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 8, 2024

22 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 6, 2024

08 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 5, 2024

01 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 4, 2024

25 Jan | Flats and Slab

Turkey exhausts some of its EU steel import quotas

17 Jan | Steel News