China's domestic stainless steel market has mostly moved sideways in the past week, though slight decreases have been seen for 304 series product prices.
Global nickel prices have continued their fluctuating trend, with prices just slightly higher now compared to one week earlier. On January 27, the three-month nickel price at the London Metal Exchange (LME) closed at $14,800/mt, while LME nickel inventory on the same date totaled 424,110 mt.
The local Chinese stainless steel market is still suffering from low demand, while most traders are under pressure from tight liquidity due to the approach of the Chinese New Year holiday. For now, traders are not planning to build up their stocks. As for the coming week, it is believed that domestic stainless steel prices will just indicate minor fluctuations.
Low demand and tight liquidity 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