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	FOB 1270	+60
Cold Rolled Stainless Steel 304	FOB2115	FOB 2135	FOB 2095	+53
Cold Rolled Stainless Steel 430	FOB1277	FOB 1305	FOB 1250	+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.

Related Reading:

Stainless Steel Price in China during G20 meeting

Will the Price for 304 Stainless Steel Keep Up?

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.

Related Reading:

International Nickel Prices Rebound, Chinese Stainless Steel Market Hot