Stainless steel raw material increased 300Yuan/ton a day

Finally, it’s stopped a trend that has been largely one-sided decreasing since march! From a partial price drop to the steady in next two days, the price keeps fluctuated. On 15^th June, the stainless steel price suddenly increased such as a typhoon.

The market price firstly increased 50 Yuan/ton, and a hundred voices followed! If you don’t take the price of 7850, you will be faced the raising price. Some merchants of 201 stainless steel directly offer 7900 Yuan/ton, return of 8000 Yuan/ton will be in a short time.

The 304 cold rolling has also been a huge incresing , with some stainless steel mills selling for a long time and some of the stainless steel mills being sold off. The market is also on the same channel, and some of the resources are up to 300 to 400! In the downstream market, there has been a copy the bottom operation, with a surge in interest and a better deal.