Global nickel prices have fluctuated downward slightly during the past week. On May 8, the three-month nickel price at the London Metal Exchange (LME) closed at $17,355/mt, while LME nickel inventory on the same date totaled 105,642 mt.
The trend of the domestic stainless steel market has been more or less stable in the past week, though with some decreases seen. Steel mills have generally not been willing to reduce their quoted prices of stainless steel under pressure from costs. Although downstream demand is slack, restricted output volumes and the slowdown in supply has provided some support for market prices. Meanwhile, nickel prices have just indicated small fluctuations in China. New restrictions on nickel exports from Indonesia may provide some support for China's stainless steel market. With costs high and product prices low, many traders are not eager to sell at the moment. Stainless steel prices in China are expected to remain stable in the coming period, possibly with some small fluctuations.
China’s stainless steel market mostly stable with some declines
Marketplace Offers
Hot Drawn Stainless Plate
Thickness
2 - 6 mm
Width
1,000 - 1,500 mm
Length
2,000 - 6,000 mm
Tedarikçi
MAIAK-M
Cold Drawn Stainless Plate
Thickness
0.5 - 3 mm
Width
1,000 - 1,250 mm
Length
2,000 - 2,500 mm
Tedarikçi
MAIAK-M
Hot Drawn Stainless Coil
Thickness
0.45 - 1.45 mm
Width
0 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED