China’s domestic stainless steel prices have been mostly stable during the past seven days, with some small fluctuations seen also.
Global nickel prices have softened slightly during the past week. On February 18, the three-month nickel price at the London Metal Exchange (LME) closed at $15,420/mt, while LME nickel inventory on the same date totaled 189,516 mt.
Overall trading activity in the domestic stainless steel market has generally recovered and is now considered to be at normal levels, while prices have been mostly stable, with minor fluctuations also observed. As for the week ahead, it is believed that stainless steel prices may indicate small fluctuations.
Spec. - Grade (mm) |
Origin |
Price |
Weekly change |
||
(RMB/mt) |
($/mt) |
(RMB/mt) |
($/mt) |
||
202/No.1 (3.0 x 1,500 x C) |
Guangzhou Lianzhong |
12,550 |
1,750 |
0 |
0 |
201/No.1 (3.0 x 1,219 x C) |
Guangzhou Lianzhong |
7,300 |
1,018 |
-50 |
-7 |
304/2B (1.0 x 1,219 x C) |
Taigang |
13,850 |
1,931 |
0 |
0 |
304/No.1 (3.0 x 1,219 x C) |
Taigang |
13,100 |
1,827 |
0 |
0 |
430/2B (3.0 x 1,219 x C) |
Taigang |
7,450 |
1,039 |
50 |
7 |
430/No.1 (3.0 x 1,500 x C) |
Taigang |
7,000 |
976 |
0 |
0 |
13 percent VAT is included in the above prices.
$1 = RMB 7.171
