2016年11月4日星期五

God! Stainless Steel Price Reach High Level Again


Price Review This Week 
Products
Average price
(USD/TON)
Highest price
(USD/TON)
Lowest price
(USD/TON)
Ups and Downs
(USD/TON)
Cold Rolled Stainless Steel 201
FOB 1290
FOB 1310
+60
Cold Rolled Stainless Steel 304
FOB2115
FOB 2135
+53
Cold Rolled Stainless Steel 430
FOB1277
FOB 1305
+83
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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