Trading activity still on weak side in local Chinese stainless steel market

Wednesday, 30 March 2016 15:09:26 (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 price upticks also observed.
 
Global nickel prices have softened a little during the past week. On March 29, the three-month nickel price at the London Metal Exchange (LME) closed at $8,450/mt, while LME nickel inventory on the same date totaled 434,850 mt.
 
Overall trading activity in the domestic stainless steel market has remained weak. Inventory levels have mainly been at normal levels, though tightness of supply of some products has resulted in minor price increases. It is believed that domestic stainless steel prices could move on a slight downtrend if supply increases.

 

Specification (mm)

Region

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

202/No.1 (3.0 x 120 x C)

Foshan

Guangzhou Lianzhong

9,800

1,512

0

201/No.1 (3.0 x 1,219 x C)

Foshan

Guangzhou Lianzhong

6,100

941

↑100

304/2B (1.0 x 1,219 x C)

Wuxi

Taigang

12,000

1,852

0

304/No.1(3.0 x 1,219 x C)

Wuxi

Taigang

11,800

1,821

0

430/2B (3.0 x 1,219 x C)

Wuxi

Taigang

6,750

1,042

0

430/No.1(3.0 x 1,219 x C)

Wuxi

Krupp

6,100

941

0

All prices are ex-warehouse and include 17 percent VAT.
 
$1 = RMB 6.48


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