In the afternoon, 304 stainless steel price is falling down!

September 14th

Today's stainless steel market, a "crash" to describe. The early traders led by steel mills, the main agent very price, and today 304 Stainless Steel day hard steel fell 500 Yuan/ton. The agent follows closely, the decline exceeds 500, let the trader besides apart is not as well, more unexpectedly, is this a bearish signal?

In the morning of 304 Stainless Steel market, after a brave drop of 500 Yuan/ton, the afternoon continued to fall, and then fall down 200-300 Yuan/ton. It is reported that the Wuxi market, among them, Hongwang/Chengde/ Yongjin mainstream base price is 15700-15800 Yuan/ton, callback price is 15500-15600 Yuan/ton, lower than the mainstream price 100-200 Yuan/ton of resources can also be found.

How quickly the price rises, how fierce the price is as fall down, with the price is more callback, whether the profit will be lost in a flash. But the worst is the loss, and although the price has fallen, the deal still does not improve.

Keyword: 304 Stainless Steel price, stainless steel market.