Chinese Stainless Steel Market Situation Weekly

• China Stainless Steel Strips 

The Nickel price shocks during a minizone, the price from 8500-9000 USD/TON. Affected by this point, now the hot rolled stainless steel strips reference price is FOB 1615-1620 USD/TON. And the origin mostly comes from south China, and other region don't have stock lot now. Sectional plants have already accept next month's order.

For 201 cold rolled stainless steel strips, average price in south China is FOB 1130 USD/TON. In east of China, the price is 8-10 USD higher than that in south China. However, most plants keep the price unchanged this week.

• China Stainless Steel Scrap 

This week, 201 stainless steel scrap market in south China is up around 15 USD/TON. For 304, the price keeps stable and holds generally 994-1025 USD/TON. For 430, the price hold 270-305 USD/TON.

In terms of the market, this week stainless steel scraps 300 series will keep stable. But, the market stock for 200 series is more scarce. It brings a wave to raise. The plants seek the resource everywhere just like scrambling for goods. However, the downstream demand is not large, so the trading volume is just so-so. So, the stainless steel scraps price will hold unchanged in a shot term.

• China Stainless Steel Coils/Sheets 

The price for stainless steel coils/sheets keeps slightly stable, but some rare size still hot, so the price for special size still raise. For Cold rolled steel coils/sheets, there is many stocks on the market. So the price will stay stable and the stainless steel sheets price can get a discount range. However, the stock lot for hot rolled steel coils/sheets is short. The trader offer high price. And for this situation, it will not get a obvious change in a short time.

• China Stainless Steel Tubes 

Look from stainless steel tubes market, the plants all keep the price stable. On the other side, recent demands is considerable. The order in plants turns better. So that is the main point to support the price be stable. In the short term, the demands will stay stable. So the price will not change too much.

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 one of the largest supplier for steel products especially stainless steel in China. Email: sophiapan@okorder.com Whatsapp/Viber/Wechat: +18276191028