Price Review This Week
This
week, the stainless steel 201 price keeps increasing. The market price ups to
FOB 1310 usd/ton. For stainless steel 304 price, it begins to show a sharp upward
price trend, mainstream basic price up to FOB 2135 usd/ton. Grade 430 stainless
steel price also shows a strong rising trend, the highest price up to FOB 1250
usd/ton.
Let’s look at the raw material market. The Ni price is just so so, without a
strong showing. But, the chromium and manganese price run at high level. Due to
the material costs up, the steel mills keep opening price at high level. Then
the traders follow the upward trends. That is why the inventory price up and up
gradually.
Market Resource
200
Series
For
201 cold rolled stainless steel resource keep increasing strongly. The highest
price for 201 stainless steel ups to FOB 1310 usd/ton. Even though at the end
of this week, the reference price from steel mills is stable. But, the
inventory market price is up continuously. Meanwhile, the hot rolled stainless
steel 201 resource price is speeding up the pace in price. The mainly reason is
that shortage of inventory.
300
Series
The
304
stainless steel market shows upward trends generally. Invariably, the goods
in stock is still in short. Because the the high price from steel mills, the
traders have small inventory. Mainly, they keep the inventory to slit to sheets.
That’s why individual company increased the price sharply, high to FOB 2135.
400
Series
This
week, 430 cold rolled stainless steel resources also show a strong trend. The highest
price up to FOB1305 usd/ton. In the short term, the price for 430 cold rolled
stainless steels will go on increasing likely.
Next Week Forecast
With
the fixed price from steel mills in December keeping increasing, the market
price will go on increasing in different levels. But, compared with the crazy upward
situation few days ago, the market will be more reasonable.
Want
to know more price change? Please contact me freely. China
National Building Materials Group Corporation is the full name of CNBM, which is one of the
largest state-owned groups in China, and listed in the Fortune 500 Enterprises.
We are specialized in exporting stainless steel product, steel billet, hot rolled
steel, cold rolled steel etc.
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