In June, after the
British off the European referendum, the financial futures market had a sharp
shock, but with the panic dissipated, the current global market gradually
stabilizing, commodity prices rebounded strongly, driven by rising nickel
prices. Since the end-consumer seasonal weakening, the recent pattern of nickel
continue to show strong form and the stainless steel shows weak status.
Last week, due to
funding large-scale intervention, LME nickel rose 5.47% to US $9935 / ton. In a
short term, it will shock under $ 10,000 / ton, but the rise pattern does not
change.
Maybe because the
philippines new Minister of Environmental Protection to puslish the National
Mine Inspection speech, the market worried about the Philippines nickel mine
shut down, prompting Nickel rose on Friday night. The inspection will last a
month, so the short-term gains in nickel can still continue. Affected Lun
nickel, stainless steel stocklot market price fluctuations.
Let’s look at recent stainless steel market prices.
-200 series stainless steel market:
The 201 stainless
steel market drop slightly, the mainstream market prices of 201 is between FOB
995-1020.
-300 series stainless steel market:
The market price
for 304 stainless steel began rising, even some suppliers stop to quote to
outsite. The mainstream market price of 304 is between FOB1700-1745.
-400 series stainless steel market:
For 430 stainless
steel runs much smoothly, the mainstream market prices for 430 is between
FOB955-985.
This week nickel
price fluctuations relatively large. So the stainless steel coil market also
followed the ups and downs. And the traders generally rise their prices. But,
now the demand for stainless steel is flat. The Trade data is not particularly
clear.
Fortunately, now
is the beginning of July, traders can still keep the high price to ship. But,
when it come to late July, maybe the pressure hit again, it will come to a
situation that the trades reduce the price to ship. If you have plans to
purchase, please pay attention to late July stainless steel market prices.
Maybe that will be a good time.
CNBM is the short name of China National
Building Material Group, which is a state-own group. We specialized in steel
products, especially stainless steel products.
Want to know more
information, please contact us freely.
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