Stainless steel prices in the Chinese domestic market are at the same levels as one week ago, despite fluctuations during the past week, while trading activity in the market has remained slack.
Global nickel prices have continued to fluctuate on an upward trend during the past week. On December 17, the three-month nickel price at the London Metal Exchange (LME) closed at $14,060/mt, while LME nickel inventory on the same date totaled 255,552 mt.
Domestic stainless steel prices in China moved on an upward trend during the early part of the past week, boosted by the rise in nickel prices, with the upward movement especially noticeable for 304 series stainless steel. However, amid a lack of support on the demand side and low confidence levels, in the latter part of the past week stainless steel prices in China dropped back down to the same levels as one week ago. It is expected that Chinese domestic stainless steel prices will follow a stable trend in the coming week, and that no significant change will be seen in trading activity before the end of December.
Lackluster activity in local Chinese stainless steel market
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