Hong Yue: Stainless steel market fell slightly On 7th June

June 7, 304 Stainless Steel plate 1.0 * 1219 * 2438 market price of 12384.62 Yuan/ton, down 0.22% over the previous day, the current mainstream price of 12000-12600 Yuan/ton, stainless steel market is still Weakness.

Overnight rose nickel rose 65 to $ 8925/ton, still in low shock operation.

Plate market weak is also in weak condition, the spot price shows about 100-200 decline, traders make a bargain high volume. Bargain with everywhere, and more concessions. Terminal procurement will be cautious, the demand is difficult to support the market going up, it is expected short-term stainless steel or to maintain weak consolidation trend, the price between 11900-12700 Yuan/ton.