SteelOrbis has been informed that as of January 21 ex-China stainless steel coil export prices are at $2,000-2,050/mt FOB, moving sideways compared to January 14.
During the given week, local stainless steel prices from Shanxi Province-based Chinese steelmaker Taigang Stainless Steel Co., Ltd have moved sideways.
Nickel prices at the London Metal Exchange (LME) have moved on a fluctuating trend within a limited range ahead of the Chinese New Year holiday.
Most market players have left the market, resulting in quiet transaction activities for stainless steel.
Stainless steel futures at the Shanghai Future Exchange have closed at RMB 13,865/mt ($2,020.8/mt) on Tuesday, January 21, increasing by RMB 25/mt ($3.6/mt) or 0.18 percent compared to RMB 13,840/mt on January 14.
$1 = RMB 6.861