China’s domestic stainless steel market has seen both increases and decreases in prices in the past seven days.
Global nickel prices have followed a fluctuating trend during the past week, with prices now slightly lower compared to one week earlier. On March 15, the three-month nickel price at the London Metal Exchange (LME) closed at $8,555/mt, while LME nickel inventory on the same date totaled 434,028 mt.
Following the increases seen in prices in previous weeks, prices of some Chinese domestic stainless steel products have indicated corrections in the past week, though prices of some 304 series products have increased. Trading activity is at normal levels, but may not be strong enough to support further increases in prices. Traders are still focusing on sales for now. As for the coming week, it is thought that just minor fluctuations may be seen in Chinese domestic stainless steel prices.
Specification (mm) |
Region |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
202/No.1 (3.0 x 120 x C) |
Foshan |
Guangzhou Lianzhong |
9,800 |
1503 |
↓300 |
201/No.1 (3.0 x 1,219 x C) |
Foshan |
Guangzhou Lianzhong |
5,950 |
913 |
↓50 |
304/2B (1.0 x 1,219 x C) |
Wuxi |
Taigang |
12,000 |
1840 |
0 |
304/No.1(3.0 x 1,219 x C) |
Wuxi |
Taigang |
11,700 |
1794 |
↑200 |
430/2B (3.0 x 1,219 x C) |
Wuxi |
Taigang |
6,750 |
1035 |
0 |
430/No.1(3.0 x 1,219 x C) |
Wuxi |
Krupp |
6,100 |
936 |
0 |
All prices are ex-warehouse and include 17 percent VAT.
$1 = RMB 6.51