Stainless Steel Price in China during G20 meeting

201 Stainless Steel

With the end of the G20 summit last week, the 201stainless steel market demand has also improved. Followed that, the mill guide prices have gone up. But the practice has proved that pre-holiday demand for the release is not ideal, the businesses are mostly reduce profits to sell. For cold-rolled 201market, LH / 2B basic offer in FOB 1050-1085 usd / ton. For Hot-rolled 201 market, 201 / NO.1 mill edge offer at FOB 1000-1030 usd / ton.The downstream clients just wait and see, the traders are not active in place orders, but the mills have realized this point, also intends to reduce the guide price to promote the order quantity. Expected this week, on the eve of Mid-Autumn Festival, the situation keeps the same.

304 Stainless Steel

Last week, due to the cold-rolled steel settlement price in steel mills increase, the market price of 304 appeared slightly high.Although trading volume is not ideal, also because of the arrival of fewer resources, the market steel prices are relatively stable.Last week, 304 cold rolled stainless steel price increase 20-30 USD, the mainstream market price for cold rolled stainless steel 304 is FOB 1750-1800 usd/ton.

For hot rolled stainless steel 304, the market inventory is limited. Some specification for hot rolled stainless steel 304 is out of stock. But after the G20 Summit, DONGTE resource will start arriving the market, the businesses won’t up the price optionally. Now the market price for 304 hot rolled basic specification is FOB 1675-1690. Almost the same with last week.

316L Stainless Steel

316L stainless steel market last week came to drama reversal, cold rolled products and hot rolled products went to different direction.The price difference between the cold rolled stainless steel and hot rolled stainless steel is significantly increased. The market 316L is all rising this week, and now the inventory for cold rolled resources is not much. So this week,some individual business increase the price by 30 USD, the market prices range at 2415-2455 usd / ton.

For 316L Hot-rolled, along with the G20 ended, DONGTE reproduction news brings the market larger pressures, especially due to the Mid-Autumn Festival the sales period will decrease, so there is a clear increase on hot-rolled resources.The mainstream steel mill offer 2290-2310usd / ton. Currently cold-rolled stainless steel market still seize the opportunity to up price, but the hot-rolled stainless steel shows pullback warning in short-term.

430 Stainless Steel

430 stainless steel market is the steady rise. The stock lot price up to FOB 985 usd/ton. But, the main stream market price is FOB 965-990 usd/ton. It is much stable even though it is up.

Want to know more price change? Please contact us 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 since 2011.