China’s domestic stainless steel prices have showed a slight decrease trend during the past seven days.
Global nickel prices have moved down during the past week. On June 4, the three-month nickel price at the London Metal Exchange (LME) closed at $18,860/mt, while LME nickel inventory on the same date totaled 83,514 mt.
Overall trading activity in the domestic stainless steel market has been at normal levels during the past week, while prices have softened slightly against the backdrop of the declines seen in nickel prices. As for the week ahead, as demand may slacken due to the off-season, it is believed that stainless steel prices may follow a soft trend.
Spec. - Grade (mm) |
Origin |
Price |
Weekly change |
||
(RMB/mt) |
($/mt) |
(RMB/mt) |
($/mt) |
||
202/No.1 (3.0 x 1,500 x C) |
Guangzhou Lianzhong |
12,800 |
1,800 |
0 |
0 |
201/No.1 (3.0 x 1,219 x C) |
Guangzhou Lianzhong |
8,700 |
1,224 |
-50 |
-7 |
304/2B (1.0 x 1,219 x C) |
Taigang |
14,800 |
2,082 |
-50 |
-7 |
304/No.1 (3.0 x 1,219 x C) |
Taigang |
14,150 |
1,990 |
-50 |
-7 |
430/2B (3.0 x 1,219 x C) |
Taigang |
8,050 |
1,132 |
0 |
0 |
430/No.1 (3.0 x 1,500 x C) |
Taigang |
7,300 |
1,027 |
0 |
0 |
13 percent VAT is included in the above prices.
$1 = RMB 7.110
